Barclays analyst Mario Lu maintained a Hold rating on Electronic Arts (EA – Research Report) today and set a price target of $132.00. The company’s shares closed yesterday at $127.49.
According to TipRanks, Lu is an analyst with an average return of -11.7% and a 37.36% success rate. Lu covers the Technology sector, focusing on stocks such as Spotify Technology SA, Match Group, and Duolingo.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Electronic Arts with a $148.69 average price target, a 16.63% upside from current levels. In a report released on January 18, Morgan Stanley also maintained a Hold rating on the stock with a $140.00 price target.
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Based on Electronic Arts’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.9 billion and a net profit of $299 million. In comparison, last year the company earned a revenue of $1.83 billion and had a net profit of $294 million
Based on the recent corporate insider activity of 102 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 2022, Rachel Gonzalez, a Director at EA bought 153.00 shares for a total of $19,319.31.
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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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