EA Price Prediction Next Week
Based on the provided data and recent market events, here's the analysis for EA's stock price prediction for next week:
Technical Analysis
The stock has experienced a significant decline, with RSI at 11.53 indicating extremely oversold conditions. The MACD is at -6.77, suggesting strong downward momentum. The stock is trading well below both its 20-day MA (141.82) and 200-day MA (143.45), indicating a bearish trend.
News Impact
- EA reported disappointing preliminary Q3 results, with revenue of $1.883 billion versus estimates of $2.507 billion
- Global Football franchise experienced a slowdown, leading to reduced guidance
- Bank of America downgraded EA from Buy to Neutral, lowering price target from $170 to $130
- Dragon Age underperformed expectations with approximately 50% lower player engagement than anticipated
Price Target Analysis Based on Fibonacci levels:
- Resistance 1: $143.13
- Resistance 2: $149.94
- Support 1: $121.10
- Support 2: $114.29
Price Prediction for Next Week Given the extremely oversold conditions and significant negative news impact, EA stock is likely to experience a technical bounce. However, the underlying fundamental concerns will limit upside potential.
Target Price Range: $122-125
Trading Recommendation SELL with these levels:
- Entry: Current price ($116.21)
- Target: $122
- Stop Loss: $114
The stock is likely to see a short-term technical rebound due to oversold conditions, but fundamental headwinds from disappointing game performance and analyst downgrades will continue to pressure the stock. The recommendation is based on technical analysis and recent news events, suggesting limited upside potential in the near term.
EA Similar Chart Price Prediction
The price of EA is predicted to go up 2.78%, based on the high correlation periods with RVP. The similarity of these two price pattern on the periods is 98.17%.
EA
RVP
Up: 2.78%Similarity: 98.17%
EA Revenue Forecast
EA EPS Forecast
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EA VS S&P500
EA dominates the sports genre of the game industry, accounting for nearly 50% of sports game sales.
The core sports franchises drive exceptionally consistent revenue from year to year, providing EA with the resources to invest consistently across titles.
EA's new development engines (EA Sports Ignite and Frostbite 3) are driving down the costs of building high-quality games.
EA Analyst's Forecast
Martin Yang
Oppenheimer
Buy
Price Target
$165 → $140
Upside
+18.06%
Oppenheimer lowered the firm's price target on Electronic Arts to $140 from $165 and keeps an Outperform rating on the shares. The firm notes that on January 22, EA released preliminary Q3 bookings and cut FY25 bookings guidance by 7.5%, the worst cut since FY19. Management attributes the weaker outlook primarily to Global Football, expected to show mid-single digit declines in FY25. Dragon Age sales also disappointed, falling short of management expectations by 50%. Oppenheimer also points out that the drastic cut to Global Football's near-term outlook does not provide a hard reset that investors looked for. Relative to a Battlefield delay, declines in Global Football are more alarming, it argues. However, based on a pre-market price of about $122, the firm believes the 12- to 18-month risk/reward profile still looks favorable.
Eric Handler
Roth MKM
Hold
Price Target
$158 → $134
Upside
+13%
Drew Crum
Stifel
Hold
Price Target
$159 → $133
Upside
+12.16%