Price Target Update on Electronic Arts (NASDAQ:EA)

Electronic Arts (NASDAQ:EA) : 15 Wall Street analysts covering Electronic Arts (NASDAQ:EA) believe that the average level the stock could reach for the short term is $83.58. The maximum price target given is $105 and the minimum target for short term is around $64, hence the standard deviation is calculated at $8.51.

Other Equity analysts have also commented on the company shares. BMO Capital initiates coverage on Electronic Arts (NASDAQ:EA). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. The rating by the firm was issued on April 27, 2016.

Electronic Arts (NASDAQ:EA): stock turned positive on Thursday. Though the stock opened at $75.62, the bulls momentum made the stock top out at $76.18 level for the day. The stock recorded a low of $74.85 and closed the trading day at $76.05, in the green by 1.67%. The total traded volume for the day was 2,333,685. The stock had closed at $74.8 in the previous days trading.

The company shares have rallied 10.90% from its 1 Year high price. On Jun 7, 2016, the shares registered one year high at $78.09 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $73.54 and the 200 Day Moving Average price is recorded at $67.18. On the companys insider trading activities, Toledano Gabrielle B, officer (EVP, Chief Talent Officer) of Electronic Arts Inc., unloaded 15,000 shares at an average price of $74.7 on June 13, 2016. The total amount of the transaction was worth $1,120,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Electronic Arts Inc is a game software content and services provider. The Company develops, markets, publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Companys brands include Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims, Bejeweled and Plants v. Zombies, as well as brands based on licensed intellectual property such as FIFA, Madden NFL and Star Wars. The Company is organized around three divisions: EA Studios, Maxis and EA Mobile. The EA Studios division develops games and related content and services across a range of game categories, including the FIFA, Madden NFL, Need for Speed, Battlefield, Mass Effect and Dragon Age. The Maxis division creates games, and related content and services that engage player creativity. The EA Mobile division focuses on developing and publishing interactive games for mobile phones and tablets.

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