Stifel Raises Price Target on Electronic Arts (EA) to $87

Stifel reiterated a Buy rating on Electronic Arts (NASDAQ: EA), and raised the price target to $87.00 (from $83.00).

Analyst Drew Crum commented, "We are increasing our target price on the shares of Electronic Arts to $87, and continue to recommend purchase of the shares. This implies the shares trade at 21x our FY2018 non-GAAP EPS estimate."

For an analyst ratings summary and ratings history on Electronic Arts click here. For more ratings news on Electronic Arts click here.

Shares of Electronic Arts closed at $79.86 yesterday.

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