I heard through a friend (a stock broker friend) that EA was still being touted by several different houses as a "Strong Buy" or at least a "Buy." One brokerage house went so far as to say they expected ERTS to hit the low 50's by the middle of next year!!!
Why it went down is anybody's guess. I do know that Volpe Welty downgraded it from Strong Buy to a Buy but EA's earnings were very strong so this doesn't make a lot of sense to me.
As for breaking the $40 barrier, yes, it will but when is anybody's guess. I am holding on because I firmly believe that this company makes the best games in the biz and their management team is very good.
The market is being very unkind these days. This one is due for a pop but I don't know how soon. Right now it's hard to predict anything! The market has a lot of settling down to do right now.'Be patient. ERTS makes great games!!