Morgan Stanley covered Electronic Arts Inc. (NASDAQ:EA), upping its target price to $101.00 today
- Updated: September 24, 2016
Electronic Arts Inc. (NASDAQ:EA) had its price target upped to $101.00 by Morgan Stanley in an issued report announced 09/23/2016. The bumped up target indicates a possible upside of 0.21% based on the company's previous closing price.
Previously on 9/19/2016, Vetr Inc. reported on Electronic Arts Inc. (NASDAQ:EA) increased the target price from $0.00 to $84.80. At the time, this indicated a possible upside of 0.02%.
Just yesterday Electronic Arts Inc. (NASDAQ:EA) traded 1.31% higher at $83.14. Electronic Arts Inc.’s 50-day moving average is $81.27 and its 200-day moving average is $73.59. The last closing price is up 14.50% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,644,404 shares of EA traded hands, down from an average trading volume of 3,192,580
Recent Performance Chart
Electronic Arts Inc. has price-earnings ratio of 23.74 with a one year low of $53.01 and a one year high of $84.50 and has a total market value of $0.
A total of 19 firms have reported on the company. Six equity analysts rating the company a strong buy, twelve analysts rating the company a buy, three brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally zero brokerages rating the company a sell with a average stock price target of $83.40.
Brief Synopsis On Electronic Arts Inc. (NASDAQ:EA)
Electronic 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. The Company's PC games and additional content can be downloaded directly through its Origin online platform, as well as through third-party online download stores. Its mobile, tablet and PC free-to-download games and additional content are available through third-party application storefronts, such as the Apple Application Store and Google Play.
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