Electronic Arts Stock Is Up 18% and It's Still a Bargain
Electronic Arts (NASDAQ: EA) reported strong earnings results in early May, and the stock has been on a tear ever since. After underperforming the Nasdaq Composite for most of the past year, shares are up almost 19% over the last month.
Even after that sharp rise, the stock still looks attractive based on one growth opportunity.
EA has 580 million unique player accounts spread across a strong lineup of titles on PC and console, including FIFA, Apex Legends, and The Sims. EA generated 84% of its $7.5 billion in bookings (a non-GAAP measure of revenue) in its most recent fiscal year from PC and console games.
Source Fool.com
