#6 - Electronic Arts (NASDAQ:EA)
On July 19, 2024, Electronic Arts Inc. (NASDAQ: EA) is set to release College Football 25 for PlayStation 5 and Xbox Series X/S. If you’re not a football fan, or even a sports fan, you may be wondering: so what? But gamers around the world may be taking days off from work to play. That’s because it’s the first time in more than a decade that EA has been able to release a new version of this popular title.
This is called a catalyst. And it probably wasn’t reflected in the company’s fourth quarter earnings that showed a 14% drop on the top line. That’s likely to change when the company reports earnings in early August and is likely to carry over into the following quarter as well.
Analysts seem to be catching on to this opportunity. The consensus price target for EA stock is $147.50, which is close to the stock’s all-time high. But the stock has received more bullish price target increases in the last month. The most recent as of this writing came from Stifel Nicolaus which reaffirmed its Buy rating while raising its price target from $150 to $163.
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
- $143.23
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $161.94 (13.1% Upside)
