In a report released yesterday, Drew Crum from Stifel Nicolaus reiterated a Buy rating on Electronic Arts (EA), with a price target of $109. The company’s shares opened today at $104.56.
According to TipRanks.com, Crum is a top 100 analyst with an average return of 30.8% and a 75.2% success rate. Crum covers the Consumer Goods sector, focusing on stocks such as Harley-Davidson, Mattel Inc, and Take-Two.
Currently, the analyst consensus on Electronic Arts is a Strong Buy with an average price target of $98.36, implying a -5.9% downside from current levels. In a report issued on January 28, Stephens also reiterated a Buy rating on the stock with a $125 price target.
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Electronic Arts’ market cap is currently $30.8B and has a P/E ratio of 22.29. The company has a Price to Book ratio of 5.76.
Based on the recent corporate insider activity of 130 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.
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.
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