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Stifel Reiterates a Buy Rating on Electronic Arts (NASDAQ:EA) and $129.0 Target

Stifel Nicolaus Analyst Rating Change Electronic Arts NASDAQ:EA

Electronic Arts (NASDAQ:EA) Rating Restated

Stifel have a $129.0 target price per share on the stock. The target price per share would suggest a potential upside of 11.98 % from Electronic Arts (NASDAQ:EA)’s stock close price. This rating was revealed to investors in a research report on Friday, 26 January.

NASDAQ:EA is currently trading 0.58% higher at $107.94 as of 6:04 PM New York time. Electronic Arts’s stock is 0% in the past 200 days. It has underperformed the S&P 500, which has gained 6.00% in the same time period.

Out of 19 analysts covering Electronic Arts, 18 rate it a Buy, 3 indicate a Hold while 0 suggest a Sell. The highest target is $105 and the lowest is $75 according to Thomson/First Call. The 12-month mean target is $83.4, which means downside potential of 22.73% over the current price.

Institutional Ownership

Technology Crossover Management V Llc had the most significant stake with ownership of 951,618 shares as of Q2 2015 for 100% of the US equity exposure. Technology Crossover Management Vi L.L.C. is another notably bullish active investment manager who is having 951,618 shares of Electronic Arts or 100% of their US equity exposure. Furthermore, Fox Point Capital Management Llc have 14.88% of their US equity exposure invested in the company for 75,000 shares. The California-based fund Technology Crossover Management Vii Ltd. disclosed it had acquired so far a stake worth about 14.13% of the active investment manager’s stock portfolio in Electronic Arts. The New York-based fund Jericho Capital Asset Management L.P. is also positive about the stock, possessing 3.52 million shares or 8.45% of their US equity exposure.

Electronic Arts (NASDAQ:EA) Profile

Electronic Arts IncElectronic Arts Inc. develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed. The Company markets and sells its games and services through retail channels and through digital distribution channels.

Electronic Arts (NASDAQ:EA) traded up 0.58% on 26 January, hitting $107.94. A total of 1.31M shares of the company’s stock traded hands. This is down from average of 3.65M shares. Electronic Arts has a 52 week low of $73.74 and a 52 week high of $122.79. The company has a market cap of $33.52B and a P/E ratio of 28.51.

Get the latest Electronic Arts (NASDAQ:EA) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Stifel Reiterates a Buy Rating on Electronic Arts (NASDAQ:EA) and $129.0 Target appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Stifel Reiterates a Buy Rating on Electronic Arts (NASDAQ:EA) and $129.0 Target


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