Analyst Rating Update on Electronic Arts (EA)

Electronic Arts (NASDAQ:EA) : 16 analysts are covering Electronic Arts (NASDAQ:EA) and their average rating on the stock is 1.31, which is read as a Strong Buy. 13 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 (NASDAQ: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 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Electronic Arts (NASDAQ:EA) stock is expected to deviate a maximum of $8.51 from the average target price of $83.58 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $105 and the most muted being $64.

For the current week, the company shares have a recommendation consensus of Buy. Also, BMO Capital initiates coverage on Electronic Arts (NASDAQ:EA). The shares have now been rated Market Perform by the stock experts at the ratings house. The rating by the firm was issued on April 27, 2016.

Electronic Arts (NASDAQ:EA): stock turned positive on Tuesday. Though the stock opened at $71.99, the bulls momentum made the stock top out at $72.65 level for the day. The stock recorded a low of $71.36 and closed the trading day at $72.6, in the green by 1.54%. The total traded volume for the day was 2,743,833. The stock had closed at $71.5 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Jorgensen Blake J, officer (EVP & Chief Financial Officer) of Electronic Arts Inc., had unloaded 10,100 shares at an average price of $75.25 in a transaction dated on June 21, 2016. The total value of the transaction was worth $760,025.

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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