Mike Hickey, an analyst from Benchmark Co., maintained the Buy rating on Electronic Arts. The associated price target was raised to $250.00.
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Mike Hickey has given his Buy rating due to a combination of factors that highlight Electronic Arts’ potential for growth. The company is entering a new growth phase, driven by the upcoming Battlefield cycle and increased engagement in EA Sports FC. These developments are expected to enhance EA’s earnings power, which is not yet fully reflected in the current market valuation.
Furthermore, Hickey believes that the rumored take-private transaction undervalues EA’s potential, as it would lock in terms before the market can appreciate the full benefits of the company’s growth initiatives. By raising the price target to $250, Hickey underscores the strategic value of EA’s franchise portfolio and the potential for a higher valuation if Battlefield regains market leadership. The possibility of additional interest from other parties, such as Take-Two, also supports the Buy rating, as it highlights EA’s scarcity value and strategic position in the industry.
In another report released on September 27, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $218.00 price target.
Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EA in relation to earlier this year.