Share on StockTwits

Equities researchers at Credit Suisse boosted their target price on shares of Electronic Arts (NASDAQ:EA) from $38.00 to $42.00 in a research report issued on Monday. Credit Suisse’s price objective points to a potential upside of 9.32% from the company’s current price.

Electronic Arts (NASDAQ:EA) traded up 0.10% on Monday, hitting $38.42. 4,410,017 shares of the company’s stock traded hands. Electronic Arts has a one year low of $20.47 and a one year high of $38.57. The stock’s 50-day moving average is $36.05 and its 200-day moving average is $30.27. The company has a market cap of $12.085 billion and a P/E ratio of 1476.15.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results 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. Analysts expect that Electronic Arts will post $1.89 EPS 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 $40.08 to $41.01 in a research note on Wednesday, July 9th. They now have a “buy” rating on the stock. Separately, analysts at Brean Capital raised their price target on shares of Electronic Arts from $38.00 to $40.00 in a research note on Wednesday, June 25th. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Electronic Arts from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 29th. They now have a $42.00 price target on the stock. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $36.59.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.