#2 - Electronic Arts (NASDAQ:EA)
If Microsoft is successful in acquiring Activision Blizzard, it might be bad news for Electronic Arts (NASDAQ:EA) , Activision’s largest rival. But don’t tell that to the company’s COO Laura Miele. In an interview with Yahoo, Miele remarked that the company has a long runway ahead of it.
Miele believes the global gaming marketplace is a $180 billion business. And the company was already making plans to address competition from companies like Microsoft as well as streaming services such as Netflix (NASDAQ:NFLX). And with a stable of franchises that include household names like FIFA, Madden and Formula One, Electronic Arts is ready to deliver.
Supply chain difficulties that limited the availability of new gaming consoles was a headwind for EA stock in 2021. However, with those concerns beginning to ease, the stock looks like an attractive buy. Investors will want to pay attention to the company’s next earnings in February for confirmation. The company has beat top and bottom line expectations in each of the last four quarters.
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)
