Courtesy of Benzinga.
Shares of Electronic Arts Inc. (NASDAQ: EA) are down 3.2 percent year-to-date, even after recuperating almost 20 percent since their February lows. Following the recent run-up, it seems like investors believe upside potential is running out.
Related link: Here’s How Crowdsourced Ratings Can Beat The Market
Consequently, top raters at the Vetr community decided to downgrade their rating on the stock from 3.5 Stars to 3.0 Stars — out of a possible 5.0 Stars rating.
The new rating better reflects the crowd’s average price target of $68.34, which implies an 3 percent upside potential from current valuations.
Nonetheless, it should be noted that 88 percent of the crowd’s ratings are still bullish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Latest Ratings for EA
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2016 | Hilliard Lyons | Downgrades | Buy | Long-term Buy |
| Feb 2016 | Hilliard Lyons | Upgrades | Neutral | Buy |
| Jan 2016 | Credit Suisse | Maintains | Outperform |
View More Analyst Ratings for EA
View the Latest Analyst Ratings
Posted-In: VetrDowngrades Price Target Crowdsourcing Analyst Ratings General
