Electronic Arts (EA) Receives a Buy from Jefferies

Jefferies analyst Andrew Uerkwitz reiterated a Buy rating on Electronic Arts (EAResearch Report) yesterday and set a price target of $165.00. The company’s shares closed last Tuesday at $128.89.

According to TipRanks.com, Uerkwitz is a top 100 analyst with an average return of 24.6% and a 59.6% success rate. Uerkwitz covers the Technology sector, focusing on stocks such as Unity Software, ironSource, and Outbrain.

Electronic Arts has an analyst consensus of Moderate Buy, with a price target consensus of $150.22, implying a 15.8% upside from current levels. In a report issued on July 25, Stifel Nicolaus also maintained a Buy rating on the stock with a $153.00 price target.

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The company has a one-year high of $147.76 and a one-year low of $109.24. Currently, Electronic Arts has an average volume of 2.57M.

Based on the recent corporate insider activity of 121 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.

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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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