Jefferies Believes Electronic Arts (NASDAQ: EA) Won’t Stop Here

By Carrie Williams

Jefferies analyst Stephanie Wissink reiterated a Buy rating on Electronic Arts (NASDAQ: EA) on August 29 and set a price target of $135. The company’s shares opened today at $121.50, close to its 52-week high of $122.79.

According to TipRanks.com, Wissink is a 1-star analyst with an average return of -1.4% and a 45.2% success rate. Wissink covers the Services sector, focusing on stocks such as Abercrombie Fitch, Children’s Place, and American Eagle.

Currently, the analyst consensus on Electronic Arts is Strong Buy and the average price target is $124.33, representing a 2.3% upside.

In a report issued on August 22, Piper Jaffray also maintained a Buy rating on the stock with a $128 price target.

The company has a one year high of $122.79 and a one year low of $73.74. Currently, Electronic Arts has an average volume of 2.76M.

Based on the recent corporate insider activity of 142 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Jay Hoag, a Director at EA bought 200 shares for a total of $23,384.

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.

Electronic Arts, Inc. is a digital interactive entertainment company. The company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers. Its product brands include The Sims, Madden NFL, EA SPORTS FIFA, Battlefield, Need for Speed, Dragon Age and Plants vs.