As of November 21, 2023, Benjamin Soff, an analyst at Deutsche Bank, has maintained a “Hold” rating on Electronic Arts (NASDAQ: EA) while increasing the price target from $135 to $150. This adjustment aligns with the consensus among analysts, who have an average 12-month price target of approximately $146.47 for Electronic Arts. The high forecast stands at $162.00, while the low forecast is $112.00. Currently, the stock is trading at around $133.74.
With the new price target of $150 set by Deutsche Bank, there is a potential upside of approximately 11.97% based on the average price target. This indicates that analysts, including Deutsche Bank, believe there is room for growth in Electronic Arts’ stock price.
Electronic Arts Inc.
Updated on: 22/11/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
11:00 PM (UTC)
Date:21 November, 2023
|Analyst / firm||Rating|
Cowen & Co.
EA Stock Holds Steady with Positive Earnings and Revenue Growth, Analysts Expect Continued Growth
On November 21, 2023, Electronic Arts Inc. (EA) had a relatively stable day in the stock market. The previous close for EA stock was $135.45, and it opened slightly higher at $135.73. Throughout the day, the stock had a trading range between $135.17 and $136.32. The volume for the day was 53,550, which is significantly lower than the average volume of 2,123,866 over the past three months.
EA has a market capitalization of $35.9 billion. The company has shown positive earnings growth in recent years, with a growth rate of 4.22% last year and 8.44% this year. Looking ahead, analysts expect EA to continue its growth trajectory, with an estimated earnings growth rate of 11.66% over the next five years.
In terms of revenue growth, EA experienced a growth rate of 3.37% in the past year. The price-to-earnings (P/E) ratio for EA stock is 37.5.
On November 21, 2023, EA stock had a slight decline in value, with a decrease of $0.61 or 1.03%. Other technology companies in the market also experienced mixed performances.
EA is expected to release its next earnings report on January 31, 2024. Analysts are forecasting an earnings per share (EPS) of $2.78 for this quarter. In the previous year, EA generated annual revenue of $7.2 billion and a profit of $802.0 million. The net profit margin for the company is 11.08%.
Electronic Arts Inc. operates in the technology services sector and is part of the packaged software industry. The company is headquartered in Redwood City, California.
In conclusion, on November 21, 2023, EA stock had a relatively stable day in the market with a slight decline in value. The company has shown positive earnings and revenue growth in recent years, and analysts expect this growth to continue in the future. Investors will continue to monitor EA’s performance and upcoming earnings report to make informed investment decisions.
EA Stock Shows Promising Performance on November 21, 2023: Analysts Forecast Growth and Consensus to Buy
On November 21, 2023, Electronic Arts Inc (EA) experienced positive stock performance, with analysts predicting a potential increase in its stock price. According to data from CNN Money, 23 analysts offered 12-month price forecasts for EA, with a median target of $148.00. The highest estimate was $162.00, while the lowest estimate was $128.00. This median estimate indicates an expected increase of 8.76% from the last recorded price of $136.08.
Furthermore, a consensus among 27 polled investment analysts suggests that buying EA stock is a favorable decision. This rating has remained steady since November, indicating a consistent belief in the company’s potential for growth.
In terms of financial performance, EA reported earnings per share of $2.78 for the current quarter. Additionally, the company’s sales reached $2.4 billion.
Investors can look forward to EA’s upcoming reporting date on January 31, where the company will release further financial information. This report will provide additional insights into EA’s performance and may influence future stock prices.
Overall, EA’s stock performance on November 21, 2023, appears promising, with analysts forecasting potential growth and a consensus recommendation to buy the stock. The company’s strong financial performance further supports these positive expectations. Investors should closely monitor EA’s future reports and announcements to make informed decisions regarding their investment strategies.