Needham & Company lowered shares of Electronic Arts (NYSE: EA) from a buy rating to a hold rating in a report released on Tuesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Piper Jaffray reiterated a neutral rating on shares of Electronic Arts in a research note to investors on Thursday, March 14th. They now have a $20.00 price target on the stock, up previously from $14.00. Separately, analysts at Brean Murray reiterated a buy rating on shares of Electronic Arts in a research note to investors on Friday, March 8th. They now have a $22.00 price target on the stock, up previously from $18.00. Finally, analysts at Bank of America reiterated a neutral rating on shares of Electronic Arts in a research note to investors on Wednesday, March 6th. They now have a $19.00 price target on the stock, up previously from $16.00.
One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $18.80.
Electronic Arts (NYSE: EA) traded up 2.88% on Tuesday, hitting $17.84. Electronic Arts has a 52-week low of $10.77 and a 52-week high of $19.51. The stock’s 50-day moving average is currently $17.66. The company has a market cap of $5.353 billion and a price-to-earnings ratio of 31.70.
Electronic Arts Inc. develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices (NYSE: EA).
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