In a report released today, Andrew Uerkwitz from Oppenheimer assigned a Buy rating to Electronic Arts (NASDAQ: EA). The company’s shares closed yesterday at $133.50, close to its 52-week high of $134.61.
According to TipRanks.com, Uerkwitz is a 5-star analyst with an average return of 25.2% and a 62.2% success rate. Uerkwitz covers the Consumer Goods sector, focusing on stocks such as Axon Enterprise Inc, Himax Technologies, and Turtle Beach Corp.
Currently, the analyst consensus on Electronic Arts is Strong Buy and the average price target is $145.80, representing a 9.2% upside.
In a report issued on May 9, Robert W. Baird also maintained a Buy rating on the stock with a $148 price target.
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The company has a one-year high of $134.61 and a one-year low of $99.63. Currently, Electronic Arts has an average volume of 2.94M.
Based on the recent corporate insider activity of 147 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Joel Linzner, the EVP Worldwide Business Affairs of EA sold 6,000 shares for a total of $790,320.
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. is a digital interactive entertainment company. 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.
