Fintel reports that on May 10, 2023, Stifel maintained coverage of Electronic Arts (NASDAQ:EA) with a Action List Buy recommendation.
Analyst Price Forecast Suggests 11.53% Upside
As of May 11, 2023, the average one-year price target for Electronic Arts is 139.87. The forecasts range from a low of 108.07 to a high of $157.50. The average price target represents an increase of 11.53% from its latest reported closing price of 125.41.
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The projected annual revenue for Electronic Arts is 8,505MM, an increase of 14.53%. The projected annual non-GAAP EPS is 8.09.
What is the Fund Sentiment?
There are 1972 funds or institutions reporting positions in Electronic Arts. This is an increase of 1 owner(s) or 0.05% in the last quarter. Average portfolio weight of all funds dedicated to EA is 0.38%, an increase of 7.80%. Total shares owned by institutions decreased in the last three months by 1.88% to 284,465K shares. © Provided by FintelEA / Electronic Arts, Inc. Put/Call RatiosThe put/call ratio of EA is 1.18, indicating a bearish outlook.
What are Other Shareholders Doing?
Public Investment Fund holds 16,012K shares representing 5.84% ownership of the company. No change in the last quarter.
Massachusetts Financial Services holds 10,016K shares representing 3.65% ownership of the company. In it's prior filing, the firm reported owning 11,112K shares, representing a decrease of 10.93%. The firm decreased its portfolio allocation in EA by 86.64% over the last quarter.
Wellington Management Group Llp holds 9,460K shares representing 3.45% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,392K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 8,302K shares, representing an increase of 1.08%. The firm decreased its portfolio allocation in EA by 1.43% over the last quarter.
Ameriprise Financial holds 7,493K shares representing 2.73% ownership of the company. In it's prior filing, the firm reported owning 7,870K shares, representing a decrease of 5.03%. The firm increased its portfolio allocation in EA by 407.50% over the last quarter.
Electronic Arts Background Information
(This description is provided by the company.)
Electronic Arts is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers. In fiscal year 2020, EA posted GAAP net revenue of $5.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTST FIFA, BattlefieldT, Apex LegendsT, The SimsT, Madden NFL, Need for SpeedT, TitanfallT and Plants vs. ZombiesT.
This story originally appeared on Fintel.