Credit Suisse Thinks Electronic Arts’ Stock is Going to Recover

By Ryan Adsit

In a report released today, Stephen Ju from Credit Suisse maintained a Buy rating on Electronic Arts (NASDAQ: EA), with a price target of $126. The company’s shares opened today at $92, close to its 52-week low of $89.12.

According to TipRanks.com, Ju is a top 100 analyst with an average return of 18.2% and a 67.6% success rate. Ju covers the Technology sector, focusing on stocks such as Endurance International, Activision Blizzard, and Alphabet Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Electronic Arts with a $133.33 average price target, a 44.9% upside from current levels. In a report issued on October 19, Piper Jaffray also maintained a Buy rating on the stock.

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The company has a one-year high of $151.26 and a one-year low of $89.12. Currently, Electronic Arts has an average volume of 4.81M.

Based on the recent corporate insider activity of 140 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EA in relation to earlier this year. Most recently, in August 2018, Jay Hoag, a Director at EA bought 2,370 shares for a total of $23,329.

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. engages in the provision of digital interactive entertainment. The firm develops and delivers games, content, and online services for Internet-connected consoles, mobile devices, and personal computers. It operates through the North America and International geographical segments.