Robert W. Baird Believes Electronic Arts (NASDAQ: EA) Won’t Stop Here

By Ryan Adsit

Robert W. Baird analyst Colin Sebastian reiterated a Buy rating on Electronic Arts (NASDAQ: EA) on September 14 and set a price target of $130. The company’s shares closed on Friday at $119.42, close to its 52-week high of $122.79.

According to TipRanks.com, Sebastian is a top 25 analyst with an average return of 26.2% and a 77.1% success rate. Sebastian covers the Technology sector, focusing on stocks such as Paypal Holdings, ChannelAdvisor, and Facebook Inc.

Currently, the analyst consensus on Electronic Arts is Strong Buy and the average price target is $126.09, representing a 5.6% upside.

In a report issued on September 8, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $136 price target.

Based on Electronic Arts’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.43 billion and quarterly net profit of $644 million. In comparison, last year the company earned revenue of $1.27 billion and had a net profit of $440 million.

Based on the recent corporate insider activity of 145 insiders, corporate insider sentiment is neutral on the stock. Last 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.