Wedbush analyst Michael Pachter maintained a Buy rating on Electronic Arts (NASDAQ:EA) on Monday, setting a price target of $162.5, which is approximately 28.18% above the present share price of $126.77.
Pachter expects Electronic Arts to post earnings per share (EPS) of $1.27 for the fourth quarter of 2020.
The current consensus among 21 TipRanks analysts is for a Moderate Buy rating of shares in Electronic Arts, with an average price target of $153.63.
The analysts price targets range from a high of $170 to a low of $140.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.46 billion and a net profit of $471 million. The company's market cap is $36.61 billion.
According to TipRanks.com, Wedbush analyst Michael Pachter is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 3.2% and a 55.95% success rate.
Electronic Arts, Inc. engages in the provision of digital interactive entertainment. It develops and delivers games, content, and online services for Internet-connected consoles, mobile devices, and personal computers. It operates through the North America and International geographical segments. The company was founded by William M. Hawkins (NASDAQ:HWKN) III and William Gordon in 1982 and is headquartered in Redwood (NYSE:RWT) City, CA.