Electronic Arts Gets a Buy Rating from Credit Suisse

By Carrie Williams

In a report issued on May 26, Stephen Ju from Credit Suisse reiterated a Buy rating on Electronic Arts (NASDAQ: EA), with a price target of $114. The company’s shares closed last Friday at $112.13, close to its 52-week high of $114.16.

Ju wrote:

“We hosted a series of investor meetings with Electronic Arts Chief Executive Officer Andrew Wilson and Chief Financial Officer Blake Jorgensen.”

According to TipRanks.com, Ju is a top 100 analyst with an average return of 19.7% and a 73.8% success rate. Ju covers the Technology sector, focusing on stocks such as Endurance International, Activision Blizzard, and Boingo Wireless Inc.

Currently, the analyst consensus on Electronic Arts is Moderate Buy and the average price target is $111.08, representing a -0.9% downside.

In a report issued on May 11, Ascendiant also upgraded the stock to Buy with a $122 price target.

Based on Electronic Arts’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.51 billion and quarterly net profit of $566 million. In comparison, last year the company earned revenue of $1.31 billion and had a net profit of $899 million.

Based on the recent corporate insider activity of 146 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Kenneth Barker, the SVP & CAO of EA sold 26,701 shares for a total of $2,910,409.

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. Zombies .The company was founded by William M. Hawkins III in 1982 and is headquartered in Redwood City, CA.