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Equities research analysts at Stifel Nicolaus lifted their price objective on shares of Electronic Arts (NASDAQ:EA) from $32.00 to $41.00 in a research note issued to investors on Monday, reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 19.05% from the company’s current price.

Shares of Electronic Arts (NASDAQ:EA) opened at 34.44 on Monday. Electronic Arts has a one year low of $20.47 and a one year high of $35.65. The stock’s 50-day moving average is $29.65 and its 200-day moving average is $26.4. The company has a market cap of $10.676 billion and a price-to-earnings ratio of 1299.62.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.37. The company had revenue of $914.00 million for the quarter, compared to the consensus estimate of $812.09 million. During the same quarter last year, the company posted $0.55 earnings per share. Electronic Arts’s revenue was down 12.1% compared to the same quarter last year. On average, analysts predict that Electronic Arts will post $1.89 earnings per share for the current fiscal year.

A number of other firms have also recently commented on EA. Analysts at Benchmark Co. raised their price target on shares of Electronic Arts from $30.21 to $40.08 in a research note on Friday, May 9th. Separately, analysts at Jefferies Group raised their price target on shares of Electronic Arts from $25.00 to $31.00 in a research note on Friday, May 9th. Finally, analysts at TheStreet upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $35.48.

In other Electronic Arts news, EVP Gabrielle Toledano sold 45,000 shares of the stock on the open market in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $35.50, for a total transaction of $1,597,500.00. Following the sale, the executive vice president now directly owns 6,492 shares in the company, valued at approximately $230,466. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Electronic Arts Inc develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices.

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