In a report released today, Michael Pachter from Wedbush maintained a Buy rating on Electronic Arts (EA), with a price target of $111. The company’s shares closed yesterday at $87.24.
According to TipRanks.com, Pachter has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.3% and a 46.3% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Best Buy Co.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Electronic Arts with a $113.19 average price target, which is a 29.7% upside from current levels. In a report issued on January 22, Piper Jaffray also maintained a Buy rating on the stock.
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Electronic Arts’ market cap is currently $26.52B and has a P/E ratio of 27.87. The company has a Price to Book ratio of 4.99.
Based on the recent corporate insider activity of 132 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EA in relation to earlier this year. Most recently, in November 2018, Jeff Huber, a Director at EA bought 220 shares for a total of $20,724.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Electronic Arts, Inc. engages in the provision of digital interactive entertainment. The firm develops and delivers games, content, and online services for Internet-connected consoles, mobile devices, and personal computers. It operates through the North America and International geographical segments.
