Electronic Arts (EA) : 16 analysts are covering Electronic Arts (EA) and their average rating on the stock is 1.44, which is read as a Strong Buy. 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Electronic Arts (EA) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Electronic Arts (EA) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $105 and the lowest price target forecast is $64. The average forecast of all the analysts is $85.05 and the expected standard deviation is $8.71.
For the current week, the company shares have a recommendation consensus of Buy. Electronic Arts (NASDAQ:EA): The stock opened at $78.85 on Thursday but the bulls could not build on the opening and the stock topped out at $79.16 for the day. The stock traded down to $77.84 during the day, due to lack of any buying support eventually closed down at $77.85 with a loss of -0.92% for the day. The stock had closed at $78.57 on the previous day. The total traded volume was 3,212,575 shares.
In a related news,The officer (EVP & Chief Comp. Officer) of Electronic Arts Inc., Moore Peter R. sold 10,000 shares at $77.29 on August 3, 2016. The Insider selling transaction had a total value worth of $772,900. The Insider information was disclosed 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.