uploads///part  ea

Electronic Arts: Analysts’ Views in April


Dec. 4 2020, Updated 10:53 a.m. ET

Electronic Arts

For Electronic Arts (EA), among the analysts polled by Thomson Reuters on April 8, ten analysts recommended a “strong buy,” 13 analysts recommended a “buy,” and ten analysts recommended a “hold” or some equivalent. Electronic Arts has risen 24.1% YTD (year-to-date) and outperformed its peers. Activision Blizzard (ATVI) has risen 2.9%, while Take-Two Interactive Software (TTWO) is trading with a YTD loss of 8.4%.

Sign up for Bagels & Stox, our witty take on the top market and investment news, straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.

The positive response received by Electronic Arts’ free-to-play game Apex Legends has been the key driver behind the stock’s outperformance this year. Electronic Arts’ mean consensus target price of $102.48 represents a potential upside of 4.6%.

Article continues below advertisement

Recent developments

In March, Apple (AAPL) announced its foray into the gaming industry. Gaming stocks were broadly lower after the announcement. The Federal Trade Commission has announced a workshop on August 7 “to examine consumer protection issues related to video game ‘loot boxes’—in-game rewards players can buy while playing a video game.” Authorities in China have also been concerned about the impact of video games. We saw a temporary ban on new games last year, which hurt companies like Tencent (TCEHY).


Electronic Arts is expected to post revenues of $1.18 billion in the fourth quarter of fiscal 2019. The company reported revenues of $1.60 billion in the sequential quarter and $1.25 billion in the same quarter in fiscal 2018. Electronic Arts’ net income is expected to fall to $294 million in the fourth quarter of fiscal 2019 from $592 million in the sequential quarter.


More From Market Realist

  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.