Several brokerages have updated their recommendations and price targets on shares of Electronic Arts (NASDAQ: EA) in the last few weeks:

  • 11/29/2017 – Electronic Arts was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $121.82 price target on the stock.
  • 11/19/2017 – Electronic Arts had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $134.00 price target on the stock.
  • 11/19/2017 – Electronic Arts was given a new $143.00 price target on by analysts at Buckingham Research. They now have a “buy” rating on the stock.
  • 11/17/2017 – Electronic Arts had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 11/2/2017 – Electronic Arts had its price target lowered by analysts at BMO Capital Markets from $100.00 to $97.00. They now have a “market perform” rating on the stock.
  • 11/2/2017 – Electronic Arts was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Electronic Arts' reported second quarter fiscal 2018 results wherein earnings came in ahead of the Zacks Consensus Estimate. Revenues registered strong year over year growth driven by continued increases in digital sales and strength in franchises like Battlefield, Star Wars, and EA Sports titles like FIFA & Madden bodes well for the company. Moreover, growing revenues from live services has emerged as a big growth catalyst for EA. In the current quarter, management is slated to release Star Wars Battlefront II. Star Wars is expected to drive topline in the quarter given the holiday season. Despite a big release, EA has given a tepid outlook for the current quarter. Net bookings are expected to be 3% lower than the year-ago figure as growth in live services are expected to be marred by several product launches.The hit driven and competitive nature of video game industry begets caution.”
  • 11/1/2017 – Electronic Arts had its price target lowered by analysts at Barclays PLC from $129.00 to $127.00. They now have an “overweight” rating on the stock.
  • 11/1/2017 – Electronic Arts had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $130.00 price target on the stock.
  • 11/1/2017 – Electronic Arts had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $130.00 price target on the stock.
  • 11/1/2017 – Electronic Arts was given a new $136.00 price target on by analysts at Wedbush. They now have a “buy” rating on the stock.
  • 10/31/2017 – Electronic Arts was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/27/2017 – Electronic Arts was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $130.00 price target on the stock. According to Zacks, “Electronic Arts' results continue to be driven by increases in digital revenues and strength in franchises like Star Wars, and EA Sports titles like FIFA 17 and Battlefield. EA has a strong pipeline of new launches that will continue to drive top-line growth. Also, shift to digital/mobile bodes well for the company along with the growing revenues from live services.  Shares have outperformed the Zacks industry over the past one year. Estimates have also been stable lately ahead of the company’s Q2 earnings release. The company has mixed record of earnings surprises in recent quarters. However, the hit driven and competitive nature of video game industry begets caution.”
  • 10/26/2017 – Electronic Arts was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Electronic Arts' results continue to be driven by increases in digital revenues and strength in franchises like Star Wars, and EA Sports titles like FIFA 17 and Battlefield. EA has a strong pipeline of new launches that will continue to drive top-line growth. Also, shift to digital/mobile bodes well for the company.  Shares have outperformed the Zacks industry over the past one year. Estimates have also been stable lately ahead of the company’s Q2 earnings release. The company has mixed record of earnings surprises in recent quarters. However, the hit driven and competitive nature of video game industry begets caution.”
  • 10/26/2017 – Electronic Arts was given a new $136.00 price target on by analysts at Wedbush. They now have a “buy” rating on the stock.
  • 10/21/2017 – Electronic Arts was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/18/2017 – Electronic Arts had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $126.00 price target on the stock, down previously from $128.00.
  • 10/13/2017 – Electronic Arts had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $130.00 price target on the stock.
  • 10/12/2017 – Electronic Arts had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $128.00 price target on the stock.
  • 10/10/2017 – Electronic Arts is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $133.00 price target on the stock.

Shares of Electronic Arts Inc. (NASDAQ:EA) traded down $0.20 on Thursday, hitting $103.18. 4,668,400 shares of the stock were exchanged, compared to its average volume of 2,951,575. The firm has a market capitalization of $31,833.33, a price-to-earnings ratio of 26.58, a P/E/G ratio of 1.70 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. Electronic Arts Inc. has a 1-year low of $76.42 and a 1-year high of $122.79.

In other news, CEO Andrew Wilson sold 10,058 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $105.76, for a total transaction of $1,063,734.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $120.77, for a total transaction of $120,770.00. The disclosure for this sale can be found here. In the last three months, insiders sold 67,674 shares of company stock worth $7,551,251. 2.55% of the stock is currently owned by insiders.

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

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