Wells Fargo Sticks to Their Hold Rating for Electronic Arts (EA)

Wells Fargo analyst Brian Fitzgerald maintained a Hold rating on Electronic Arts (EAResearch Report) today and set a price target of $120.00. The company’s shares closed yesterday at $128.68.

Fitzgerald covers the Technology sector, focusing on stocks such as Match Group, Integral Ad Science, and Activision Blizzard. According to TipRanks, Fitzgerald has an average return of 14.6% and a 58.15% success rate on recommended stocks.

In addition to Wells Fargo, Electronic Arts also received a Hold from Morgan Stanley’s Matthew Cost in a report issued today. However, on the same day, KeyBanc maintained a Buy rating on Electronic Arts (NASDAQ: EA).

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EA market cap is currently $35.53B and has a P/E ratio of 34.76.

Based on the recent corporate insider activity of 101 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.

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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