#2 - Electronic Arts (NASDAQ:EA)
Another video game stock to look at is Electronic Arts (NASDAQ:EA). While Electronic Arts and Activision Blizzard are not a true duopoly, they are the market's two largest players. One of the primary drivers for Electronic Arts is its Madden franchise.
The company got a big lift when the National Football League (NFL) forged a path ahead to start its season despite the pandemic. Demand for its latest Madden title would have been high anyway, but there’s little doubt that having the NFL playing football is a boost to the franchise.
Electronic Arts reports earnings in November. Analysts will be looking to see if the company will confirm its guidance for a growth of 108% year-over-year increase in fiscal 2021 net bookings (the company’s fiscal year ends in April 2021).
EA stock is up 16% for 2020. Although revenue and earnings will be down on a YOY basis, the company is still expected to beat expectations in their upcoming earnings report.
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
- $167.97
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $165.37 (1.5% Downside)
