Electronic Arts (EA) Receives a Hold from Wells Fargo

In a report released today, Brian Fitzgerald from Wells Fargo maintained a Hold rating on Electronic Arts (EAResearch Report), with a price target of $155.00. The company’s shares closed last Wednesday at $133.28.

According to, Fitzgerald is a 5-star analyst with an average return of 18.2% and a 57.3% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as IAC/InteractiveCorp., Integral Ad Science, and LiveRamp Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Electronic Arts with a $151.00 average price target, which is a 15.1% upside from current levels. In a report issued on July 19, Barclays also maintained a Hold rating on the stock with a $125.00 price target.

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Based on Electronic Arts’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.83 billion and net profit of $225 million. In comparison, last year the company earned revenue of $1.35 billion and had a net profit of $76 million.

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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