NEW YORK (TheStreet) -- Shares of Electronic Arts (EA) - Get Free Report were higher in pre-market trading on Wednesday as the company debuted "Madden NFL 17" yesterday, the latest edition in its football video game series.
The release boosted the Redwood City, CA-based gaming company's stock to an all-time high on Tuesday.
Additionally, Piper Jaffray said that the newest Madden installment was given a "solid" metacritic rating of 83.5, according to a note cited by Investors Business Daily.
The firm added that this rating is in-line with last year's edition and ahead of the franchise's 10-year average.
Piper Jaffray estimates flat year-over-year sales for the Madden game in 2017 at 5.5 million units, although the firm mentioned that this could be conservative.
The firm has an "overweight" rating and $88 price target on Electronic Arts stock.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of A.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: EA