So is EA finally bought? The company was not immediately available for comment.
Analysts came up with a potential takeover value of $ 190 per share, which is “consistent with recent video game transactions.” It is almost 50% above EA’s current share price.
Nevertheless, EA has enough quality content to justify going it alone in the foreseeable future.
Wells Fargo analyst Brian Fitzgerald noted in a report after EA’s latest revenue came in May that a “solid pipeline” (more games from EA Sports, plus updates to The Sims, Lord of the Rings and Bioware franchises) as well as “accelerating mobile growth” were positive for the stock.
So EA may not need to sell itself to a larger company to remain competitive in the video game world.
Revenue from Nike and Walgreens at a loss
There is a clear break in the “earnings season”. Most large companies will report results for the second quarter in mid-July. But some notable companies, including two Dow components, are under pressure to release results this week.
Tuesday: US consumer confidence
Friday: US ISM production