Electronic Arts Creating Netflix For Video Games: Analyst [Investor's Business Daily]
Electronic Arts Inc. (EA)
Last electronic arts inc. earnings: 1/30 04:01 pm
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Source: Investors Business Daily
Related news Electronic Arts ( EA ) stock received a big price-target hike Friday from a Wall Street analyst who believes EA is building a "Netflix for video games." Needham analyst Laura Martin reiterated her buy rating on EA stock and raised her price target to 170 from 135. But shares dipped 0.6%, near 142.30, in morning trading on the stock market today . EA stock broke out of a seven-week flat base with a buy point of 131.23 on May 9. Martin sees Electronic Arts benefiting from the shift to "games as a service" where consumers subscribe to video games instead of buying them outright. She compared EA with other subscription entertainment services including Netflix ( NFLX ), Spotify Technology ( SPOT ), Pandora Media ( P ) and Hulu. "It is our view that millennials want to rent content (e.g. Spotify, Pandora, Netflix, Hulu) rather than own it, and that content companies with data about what their consumers view/play/use create valuation upside from programming, e-commerce, and adv
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News
- Be One of the 20 - F1® 24 Delivers All-New Dynamic Handling, Overhauled Career and More [Yahoo! Finance]Yahoo! Finance
- Electronic Arts Inc. (NASDAQ: EA) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $153.00 price target on the stock.MarketBeat
- Be One of the 20 - F1® 24 Delivers All-New Dynamic Handling, Overhauled Career and MoreBusiness Wire
- 3 Stock to Watch From Promising Toys & Games Industry [Yahoo! Finance]Yahoo! Finance
- Apex Legends hacker says game developers patched exploit used on streamers [TechCrunch]TechCrunch
EA
Earnings
- 1/30/24 - Miss
EA
Sec Filings
- 4/16/24 - Form 4
- 4/10/24 - Form SC
- 4/2/24 - Form 4
- EA's page on the SEC website