Barclays Sticks to Its Hold Rating for Electronic Arts (EA)

In a report issued on August 3, Mario Lu from Barclays maintained a Hold rating on Electronic Arts (EAResearch Report), with a price target of $130.00. The company’s shares closed last Thursday at $133.24.

According to TipRanks.com, Lu ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -14.8% and a 33.3% success rate. Lu covers the Technology sector, focusing on stocks such as Spotify Technology SA, Corsair Gaming, and Unity Software.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Electronic Arts with a $151.26 average price target, a 13.4% upside from current levels. In a report issued on August 3, Wells Fargo also maintained a Hold rating on the stock with a $155.00 price target.

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Electronic Arts’ market cap is currently $37.23B and has a P/E ratio of 42.16.

Based on the recent corporate insider activity of 116 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. Earlier this month, Richard Simonson, a Director at EA bought 189 shares for a total of $24,734.

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.

California-based Electronic Arts provides digital interactive entertainment. It develops and delivers games, content, and online services for Internet-connected consoles, mobile devices, and personal computers.

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