#5 - Electronic Arts (NASDAQ:EA)
Electronic Arts (NASDAQ:EA) is one of the most recognized names in the video game industry due to its Madden NFL and FIFA franchises. The company is also the name behind the Star Wars video game. EA is the second-largest video game company in the Americas and Europe in terms of two key metrics. First, in revenue, which was over $5 billion in the last year. Second, they are only trailing Activision Blizzard with regard to market cap.
Electronic Arts has successfully created a model of developing and distributing small franchised games. The company has recently partnered with Valve to begin distributing video games via the digital distribution site, Steam. EA just released 25 titles in early June. The company is planning to launch new games that have been developed for the PC onto Steam as well.
EA stock is up nearly 30% in the last 12 months and almost 15% in 2020 alone. An additional catalyst for the stock is expected when Sony (NYSE:SNE) and Microsoft (NASDAQ:MSFT) release new consoles this fall.
About Electronic Arts
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.
Read More - Current Price
- $147.80
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $165.37 (11.9% Upside)
