Electronic Arts (EA) Stock: $157 Price Target And Outperform Rating

By Amit Chowdhry ● Apr 22, 2022
  • The shares of Electronic Arts Inc. (NASDAQ: EA) have received a $157 price target from Bernstein. These are the details.

The shares of Electronic Arts Inc. (NASDAQ: EA) have received a $157 price target from Bernstein. And Bernstein analyst Matti Littunen initiated coverage of the company with an “Outperform” rating.

Littunen issued the rating after noting that EA and Take-Two are standouts in an industry that is valued at about $180 billion. And Littunen also assigned this price target on the company while taking short-term outlooks into consideration and the shares of both companies look attractively priced compared to levels prior to the start of the Covid-19 pandemic.

“EA and Take-Two are the adults in the game room,” wrote Littunen in a research note. “(They have) learned from past mistakes and built mature businesses without losing the potential for growth.”

Littunen pointed out that EA is seeing growth from the Sims and the sci-fi games franchises, which helped balance the core sports games that are showing signs of maturing. And Littunen noted that EA is improving its perception as a company that has been nickel-and-diming its customers at every turn.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.