EA is not cheap, and is near the high end of most all analysts price range.
Ea is expected to grow at half the pace of the computer-software category over the next year, and 30% slower than the category over the next five years. Yet its P/E is triple the categories. Thats without even mentioning the economic downturn that has taken place.
"EA is not cheap, and is near the high end of most all analysts price range."
An analyst just reiterated strong buy and upgraded price target to $70 today. Sorry, but fundamentals simply do not matter to EA investors. The analysts are pumping, and who knows when they will decide to dump? Could be months...
Gamezector have you been watching the stock today, it's not going up but down 660,000 shares toget it up to 52.25 twice then 1 million share sell off and still counting the analists comments are not working today.