NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Electronic Arts Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Published 09/05/2023, 12:40
Updated 09/05/2023, 14:11
© Reuters.  Electronic Arts Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
EA
-
TGTB34
-
EAIN34
-

Benzinga - Electronic Arts Inc. (NASDAQ: EA) is expected to report financial results for its fourth quarter after the closing bell on May 9, 2023.

Analysts expect the company to post quarterly earnings at $1.31 per share, down from year-ago earnings of $1.46 per share. The company’s revenue might come in at $1.76 billion.

Electronic Arts shares rose 0.3% to close at $125.76 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Credit Suisse analyst Stephen Ju maintained an Outperform rating and raised the price target from $132 to $138 on May 4, 2023. This analyst sees around 10% upside in the company’s stock and has an accuracy rate of 69%.
  • Stifel analyst Drew Cum maintained a Buy rating and increased the price target from $137 to $141 on May 2, 2023. This analyst sees around 12% upside in the company’s stock and has an accuracy rate of 70%.
  • Truist Securities analyst Matthew Thornton maintained a Buy rating and cut the price target from $150 to $130 on Feb. 2, 2023. This analyst sees around 3% upside in the company’s stock and has an accuracy rate of 67%.
  • Morgan Stanley analyst Brian Nowak maintained an Equal-Weight rating and cut the price target from $140 to $130 on Feb. 1, 2023. This analyst sees around 3% upside in the company’s stock and has an accuracy rate of 66%.
  • Cowen & Co. analyst Doug Creutz maintained an Outperform rating and cut the price target from $158 to $136 on Feb. 1, 2023. This analyst sees around 8% upside in the company’s stock and has an accuracy rate of 67%.

Read This Next: Investor Optimism Improves Ahead Of Inflation Data

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.