Electronic Arts Stock Price Forecast September 2021 – Time to Buy EA Stock?

The pandemic situation has influenced the global financial markets for the past two years. While many companies faced their worst-case scenario, there have been a lot of stocks that observed unprecedented growth. Experts believe that several video game stocks are set to prosper even more over the next decade because of the ever-growing demand for video games all over the world. FIFA, The Sims, Star Wars, and dozens more evergreen gaming titles are the ones being played by millions and these belong to Electronic Arts Inc. In the following, we will discuss why one should take EA stocks seriously to profit from its upcoming strong level.

Electronic Arts Stock Price – Technical Analysis

Electronic Arts Inc. is one of the iconic video gaming companies that belong to the recreational products industry. The NASDAQ-listed company was established in 1982 and is currently headquartered in Redwood, California. EA is a world-famous company known for developing, publishing, and marketing games and gaming content for PCs, Laptops, Mobile Phones, and Tablets. EA also provides ad services and licenses to third parties that distribute and host the original games.

In the past, EA investors have seen high risk and high reward play before the markets reached a correction point. Last week, EA reached the level of £104.4, adding 2.82 points with an uptrend of 1.98% before the market closed. According to EA’s balance sheet, it has amassed a total of £29.8 billion in market capitalisation with the current enterprise value of EA stock of £28.7 billion. The company has recorded fair growth in the past which brought the total assets to £9.1 billion.

Further technical analysis shows that the stock of America’s second-largest gaming company is favoured by a total of 17 reliable technical indicators that create a “Buy” zone for market participants. The EMA (144.13), RSI (56.92), SMA (144.66), and MACD (1.03) all point towards a buy price action.

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Recent Developments

After remaining not so active for a few weeks, EA Inc. made a comeback within the market due to strong trading. The Apex Legends owner has announced NFL Madden 22 that allowed football fans around the world to experience new features and gaming content through a free trial (available from September 9 to 12). People who have n Xbox or a PlayStation could join the celebration that marks the beginning of the 2021 NFL season. EA’s long-awaited Battlefield: 2042 is due this year’s holiday season which might significantly increase EA stock’s worth around that time.

Reasons to Buy EA Stock

Video gaming companies belong to the class of worthy investment opportunities as they have recorded substantial growth since 2020. As people have started spending more time at home due to lockdown and remote working culture, playing video games has become one of the best ways to pass the time. This has aided EA to outperform its peers and rise to the top of the market as one of the best performers.

There are clear indications that gaming stocks like EA would continue to bolster growth as the demand surges with the increasing need to provide a high-quality gaming experience with 5G network capabilities in the future. Cloud gaming is another niche where EA and its peers have been investing positively but the only obstruction is to reduce the costs and several other technical issues.

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