Electronic Arts Stock (NASDAQ:EA), Trade Ideas

Electronic Arts

EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile. The firm owns number of large franchises, including Madden, EA Sports FC (formerly FIFA), Battlefield, Apex Legends, Mass Effect, Dragon's Age, and Need for Speed.

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Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) is set to report its fiscal fourth-quarter (F4Q) earnings on May 7 after the market closes. With the gaming landscape facing macroeconomic headwinds and specific challenges, EA&#8217;s upcoming earnings are <a href="https://www.benzinga.com/topic/video-games">approached with moderated expectations</a>.
EA Analysts&#8217; Overview: Oppenheimer analysts Martin Yang, CFA, and Andrew Northcutt continue to rate EA as Outperform with a price target of $150. 
Despite current market challenges, they believe EA&#8217;s valuation provides decent downside protection.
See Also: <a href="https://www.benzinga.com/general/gaming/24/04/38226663/ea-drops-uk-quality-team-leaves-40-apex-legends-staffers-in-limbo">EA Drops UK Quality Team, Leaves 40 Apex Legends Staffers In Limbo</a>
Moderated Expectations: The analysts have adjusted their outlook, anticipating EA&#8217;s performance to align with conservative guidance due to softer live service bookings and a leaner release slate. 
&#8220;We see investor sentiment as neutral to slightly negative into EA&#8217;s F4Q24 earnings,&#8221; Martin Yang noted, attributing the sentiment to the subdued macro outlook on the console game market and performance issues in titles like Apex Legends.
Strategic Overview:
<ul>
<li>Game Releases: EA plans to bolster its portfolio with highly anticipated titles such as College Football, Need for Speed, and Dragon Age Dreadwolf.</li>
<li>Digital and Mobile Growth: Continued expansion in digital sales and mobile gaming platforms is expected, leveraging strong franchises and new content.</li>
<li>Hardware Sales: The company also anticipates a rebound in gaming hardware sales as next-generation consoles gain traction.</li>
</ul>
Revenue and Profit Outlook:
<ul>
<li>Revenue Streams: Although live services are experiencing slower growth, EA&#8217;s digital segment is expected to maintain its expansion, supported by ongoing user engagement.</li>
<li>Margin Expansion: Improvements in game development and marketing efficiency are likely to enhance margins.</li>
</ul>
Investor Catalysts: The analysts highlight several factors that could positively influence investor sentiment:
<ul>
<li>New game launches and a strategic focus on digital transformation are expected to reinforce EA&#8217;s market position.</li>
<li>Potential small-scale mergers and acquisitions are viewed as opportunities for strategic growth and innovation.</li>
</ul>
Looking Ahead: For the F4Q report, Yang and Northcutt predict a cautious yet strategic approach, with discussions on new initiatives likely during the earnings call, especially relating to EA&#8217;s digital and mobile strategies.
Market Position: &#8220;With a clearer catalyst path into C2H24, we view EA as a better buy than Take-Two Interactive Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), in the near term,&#8221; the analysts said.
EA Price Action: Electronic Arts stock was trading at $127.50 at the time of publication, up 0.32% in the past 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro. </a>
Read Next: <a href="https://www.benzinga.com/news/24/04/38185551/ea-raising-price-of-ea-play-subscription-games-industry">&#8216;EA Raising Price Of EA Play Subscription&#8217; </a>
Image credits: <a href="https://www.shutterstock.com/es/g/Sergei_Elagin">Sergei Elagin</a> on Shutterstock.

4 analysts have shared their evaluations of Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $152.0, a high estimate of $162.00, and a low estimate of $143.00. Observing a 2.7% increase, the current average has risen from the previous average price target of $148.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1713877217_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The analysis of recent analyst actions sheds light on the perception of Electronic Arts by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Martin Yang</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$150.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Mike Hickey</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$153.00</td>
<td>-</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$143.00</td>
<td>$146.00</td>
</tr>
<tr>
<td>Nick McKay</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$162.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Electronic Arts. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Electronic Arts compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Electronic Arts's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Electronic Arts's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/EA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Electronic Arts analyst ratings.</a>
<h2>Get to Know Electronic Arts Better</h2>
EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile. The firm owns number of large franchises, including Madden, EA Sports FC (formerly FIFA), Battlefield, Apex Legends, Mass Effect, Dragon's Age, and Need for Speed.
<h3>Electronic Arts: A Financial Overview</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Electronic Arts's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 3.4%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Electronic Arts's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 14.91% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 3.84%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Electronic Arts's ROA stands out, surpassing industry averages. With an impressive ROA of 2.17%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.26.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Unveiling 4 Analyst Insights On Electronic Arts

Oppenheimer analyst Martin Yang maintains Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) with a Outperform and maintains $150 price target.

Price Target

Oppenheimer Maintains Outperform on Electronic Arts, Maintains $150 Price Target

Leading play-to-earn virtual horse racing game Photo Finish LIVE offers sports fans and Web3 enthusiasts opportunities to play and earn <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35336333/exclusive-blockchain-p2e-virtual-horse-racing-game-photo-finish-announces-new-funding-meet">through racing, breeding and staking.</a>
Benzinga talked to the founder of Third Time Entertainment, parent company to Photo Finish LIVE to hear more about how the company started and what's next.
Launching Photo Finish: After launching several successful horse racing<a href="https://www.benzinga.com/topic/mobile-games"> mobile games,</a> gaming veteran Ian Cummings had the idea to launch a Web3-based horse racing game.
Cummings said the success of NBA Top Shot and Axie Infinity were NFTs that helped push the thought process into making a horse racing game for the Web3 audience. Third Time Entertainment talked to several blockchains before settling on Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), the blockchain that launched the initial Photo Finish PFPs.
Third Time&#8217;s goal was to bring its current mobile user base over to Web3.
"We'll teach them about blockchain," Cummings told Benzinga.
Cummings said the shock was that none of them cared and many didn't have the ability to trade NFTs on a PC.
Instead, it was a massive viral rush of fans from within crypto that helped Photo Finish gain interest. &nbsp;
"It didn't end up how I expected. We found a brand new audience."
Cummings credited his past experience working at companies like Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), Zynga and FanDuel for helping to give him the tools and knowledge to launch a successful game.
Cummings started as a tester at EA for the well-known Madden NFL game. Cummings spent the majority of his 20s working his way up to become the person in charge and run Madden. While working on Madden he worked on items like animation, gameplay, franchise mode, owner mode, playbooks and was the creator of the "Hit Stick," a popular Madden game feature.
After being burned out as being in charge of Madden — a job that came with lots of meetings and presentations — Cummings shifted to Zynga where he learned firsthand the big shift for the gaming sector to digital and mobile games, including free-to-play.
"Zynga taught me a lot about monetization."
Related Link: <a href="https://www.benzinga.com/general/sports-betting/23/05/32270092/heres-how-much-100-bet-on-mage-to-win-kentucky-derby-paid-out-and-how-you-could-have-owned">Here&#8217;s How Much $100 Bet On Mage To Win Kentucky Derby Paid Out — And How You Could Have Owned Shares In The Horse For $50</a>
Horse Racing Market: While many in North America focus on following the main four sports of baseball, basketball, football and hockey, Cummings said horse racing is the forgotten sport by the media.
The success of the Kentucky Derby, which gets more popular every year, shows the interest in horse racing, Cumming added. The unfortunate item is that many smaller tracks are falling off and having to subsidize with casinos being built, Cummings added.
While it has a smaller in size in North America, Cummings said horse racing is hugely popular in Australia, Ireland, the U.K. and Japan. The sport has hundreds of millions of people globally who are passionate about it.
"We could go serve this niche," Cumming said of building a horse racing game.
Playing Photo Finish: The Photo Finish <a href="https://photofinish.live/">game </a>offers all things horse racing including racing, claiming, breeding and a marketplace that sees users buy and sell horses directly from each other, with Third Time taking a cut via fees.
The game also has the CROWN token, which Cummings said came as a thought from the early days and is something they approached differently than what others were doing.
Cummings said the magic of a cryptocurrency token, if integrated correctly into a game, is it can be used for user acquisition instead of paying Facebook to get users.
Players can buy CROWN and also earn CROWN for races. CROWN can also be staked to become a part owner of a horse track and earn a portion of the season's earnings. For Photo Finish a season is four weeks long.
Cummings told Benzinga that most video games are successful if they sell a lot of copies or in-app purchases to the users. For Photo Finish, the platform is about users and the game makes money from fees to use the platform and complete items like breeding and selling horses.
The key measure of success for Cummings is seeing "more people racing all day, every day."
Cummings said the game offered lots of ways to play and it's important like poker to study and research the angle you want to take. This can include building large stables and racing every day for lovers of daily fantasy, breeding for long-term focused players, buying horses in claimers and flipping for profit for those with a keen eye.
Users can sign up and get a free training horse with just an email address.
What's Next: Third Time Entertainment has a partnership with Churchill Downs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>), the owner of the Kentucky Derby.
A season of the Photo Finish includes a Virtual Kentucky Derby, something Cummings said helps give players a goal of winning the key race.
For this year's 150th running of the Kentucky Derby, Photo Finish will launch several key marketing items that will be announced in the future ahead of the race on May 4.
Photo Finish and Churchill have been feeling each other out as part of the multi-year partnership, Cummings added. This includes co-marketing efforts in the past and future initiatives.
Cummings also told Benzinga the goal is for the mobile app to launch this year, which could unlock new territories for players.
Another key for Cummings is getting an official gambling license in more countries. Operated as a skill-based game in the U.S., Photo Finish allows wagering on races in some markets.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/10/35066231/churchill-downs-analyst-sized-up-high-quality-kentucky-derby-asset-project-pipeline" target="_blank" rel="noreferrer noopener">Churchill Downs Analyst Sized Up High Quality Kentucky Derby Asset, Project Pipeline </a>
Photo: PhotoFinish

EXCLUSIVE: Madden Gaming Veteran Leads Play-To-Earn Horse Racing Game Photo Finish Into New Growth Phase: 'More People Racing All Day, Every Day'

Here&#8217;s what happened in the world of consumer tech in the last week:
Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google employees were reportedly arrested and placed on administrative leave after they staged 10-hour sit-ins at offices in New York and Sunnyvale, California, to protest the $1.2 billion <a href="https://www.benzinga.com/markets/equities/24/04/38299326/several-google-employees-arrested-in-protest-over-1-2b-israel-contract-report" target="_blank" rel="noreferrer noopener">cloud contract with Israel</a>.
Related: <a href="https://www.benzinga.com/news/24/04/38286752/elon-musk-reacts-as-marc-andreessen-says-google-is-literally-run-by-employee-mobs-with-chinese-spies" target="_blank" rel="noreferrer noopener">Elon Musk Reacts As Marc Andreessen Says Google Is &#8216;Literally Run By Employee Mobs&#8217; With &#8216;Chinese Spies&#8217; Scooping Up AI Chip Designs</a>
SpaceX founder Elon Musk accepted a challenge from the Russian space agency chief, Yuri Borisov, who said Roscosmos&#8217;s Amur rocket can be reused up to five times <a href="https://www.benzinga.com/news/24/04/38288858/elon-musk-says-bring-it-on-after-russian-space-chief-touts-amur-rocket-says-it-can-be-reused-up-to-5" target="_blank" rel="noreferrer noopener">more than the Falcon 9</a>.
A Texas judge stopped the investigation of the media watchdog group Media Matters by Texas Attorney General Ken Paxton, dealing a second blow to<a href="https://www.benzinga.com/news/24/04/38243800/another-setback-for-elon-musk-after-ccdh-lawsuit-thrown-out-media-matters-wins-injunction-against-te" target="_blank" rel="noreferrer noopener"> Elon Musk in recent weeks</a>.
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Gaming
Sony Group Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) is gearing up for the release of a more powerful version of its&nbsp;PlayStation 5 (PS5)&nbsp;console, possibly by the&nbsp;<a target="_blank" href="https://www.benzinga.com/general/gaming/24/04/38255686/sonys-ps5-pro-release-reports-say-developers-are-getting-ready-for-new-console" rel="noreferrer noopener">end of this year</a>.&nbsp;
The official Star Wars Twitter account just dropped a teaser trailer for an upcoming crossover event with Epic Games&#8217; Fortnite, set to kick off on May 3, one day before Star Wars Day. HYPEX suggested lightsabers, force powers, and a Chewbacca skin, fueling fan<a href="https://www.benzinga.com/general/gaming/24/04/38257897/star-wars-day-arrives-to-fortnite-with-epic-crossover" target="_blank" rel="noreferrer noopener"> excitement for the collaboration</a>.
Related:&nbsp;<a target="_blank" href="https://www.benzinga.com/general/gaming/24/04/38246949/bafta-games-awards-2024-guess-which-video-game-took-5-prizes-home" rel="noreferrer noopener">BAFTA Games Awards 2024: Guess Which Video Game Took 5 Prizes Home</a>
Nintendo Co&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) showcased adorable indie games like Little Kitty, Big City, Lorelei, and the Laser Eyes, offering diverse&nbsp;<a target="_blank" href="https://www.benzinga.com/general/gaming/24/04/38302723/unveiling-nintendos-april-2024-indie-world-showcase-whats-in-store" rel="noreferrer noopener">experiences for players</a>.
Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) unveiled plans for an open-world &#8220;Black Panther&#8221; game developed by Cliffhanger Games <a href="https://finance.yahoo.com/quote/EA?.tsrc=fin-srch" target="_blank" rel="noreferrer noopener">through a recent job listing</a>.
Former Microsoft Blizzard President Mike Ybarra has an interesting idea: He suggested adding a tipping feature to video games. Not everyone will like the idea, but the former Blizzard president believes it&#8217;s different from other situations <a href="https://www.benzinga.com/general/entertainment/24/04/38259444/ready-to-tip-your-favorite-game-developers-former-blizzard-president-says-you-should" target="_blank" rel="noreferrer noopener">when tipping feels forced</a>.
Smartphones
Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reportedly experienced a significant decline in&nbsp;iPhone&nbsp;shipments, while its&nbsp;Android&nbsp;competitors saw a rise. Notably, Apple&#8217;s iPhone shipments fell by nearly 10% in the first quarter, while the global smartphone market saw a 7.8% increase in shipments,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38241349/apples-iphone-shipments-dip-10-while-overall-market-grows-7-8-samsung-reclaims-top-spot" rel="noreferrer noopener">reaching 289.4 million units</a>.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38240620/potential-iphone-killer-humane-ai-pins-design-interface-inherently-flawed-says-gurman-can-merely-be" rel="noreferrer noopener">Potential iPhone Killer? Humane AI Pin&#8217;s Design, Interface &#8216;Inherently Flawed,&#8217; Says Gurman: &#8216;Can Merely Be An Extra Accessory&#8217;</a>
Apple&nbsp;CEO Cook revealed potential plans to explore manufacturing opportunities in Indonesia. This announcement follows his meeting with&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38290331/tim-cook-eyes-apple-manufacturing-expansion-in-indonesia-after-talks-with-president-theres-a-lot-of" rel="noreferrer noopener">Indonesian President&nbsp;Joko Widodo</a>.
Chinese tech giant&nbsp;Huawei Technologies Co.&nbsp;has launched its latest series of smartphones, the Pura 70, to further challenge&nbsp;Apple&nbsp;in the high-end segment of the Chinese&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38308198/apples-falling-iphone-sales-have-another-challenge-to-deal-with-as-huawei-launches-new-phones" rel="noreferrer noopener">market amid falling iPhone sales</a>.
Meta
Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) revealed that its new large language model,&nbsp;Llama 3, has surpassed other AI models in benchmark tests. However,&nbsp;OpenAI&#8217;s&nbsp;latest flagship model,&nbsp;GPT-4, is notably&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38330339/mark-zuckerbergs-meta-says-llama-3-beats-googles-gemini-mistral-and-jeff-bezos-backed-anthropics-cla" rel="noreferrer noopener">missing from its comparison</a>. It will integrate real-time search&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38330972/metas-ai-assistant-now-integrates-real-time-google-search-bing-results-expert-calls-it-the-smart" rel="noreferrer noopener">results from Google and Bing</a>.
Anduril Industries&nbsp;and&nbsp;Oculus VR founder Palmer Luckey&nbsp;accused Meta&nbsp;&nbsp;CTO&nbsp;Andrew Bosworth&nbsp;of lying and spreading&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38246351/meta-cto-gets-called-out-by-founder-of-company-building-electronic-border-wall-you-arent-credible" rel="noreferrer noopener">false information about him</a>.
Social Media
Elon Musk&nbsp;has donated to and promoted secure messaging app&nbsp;Signal&nbsp;to take on&nbsp;WhatsApp, but another rival is closing the gap with the&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38311930/elon-musk-backed-signal-to-take-on-mark-zuckerbergs-whatsapp-but-another-rival-says-its-spreading-li" rel="noreferrer noopener">Meta Platforms Inc.-owned&nbsp;service</a>.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38311301/telegram-founder-tells-tucker-carlson-that-billion-user-platform-operates-lean-hr-free-with-only-30" rel="noreferrer noopener">Telegram Founder Tells Tucker Carlson That Billion-User Platform Operates Lean, HR-Free With Only 30 Staff: &#8216;I Am The Only Product Manager&#8217;</a>
Apple&nbsp;has removed WhatsApp and Threads from its China App Store in response&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38328967/apple-bows-to-chinas-security-concerns-pulls-2-meta-products-from-app-store" rel="noreferrer noopener">to a Chinese government order</a>.
Music
Apple Music&#8216;s&nbsp;teams have collaborated with&nbsp;Taylor Swift&nbsp;to prepare her upcoming album and promotional campaign well&nbsp;<a target="_blank" href="https://www.benzinga.com/general/entertainment/24/04/38242128/apple-teams-engaged-deeply-with-taylor-swift-on-the-tortured-poets-department-album-weve-re" rel="noreferrer noopener">before the release date</a>.
Spotify Technologies SA&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) has been investing in artificial intelligence and machine learning for over a decade, and its latest AI DJ feature is a significant step towards personalizing the music streaming experience for&nbsp;<a target="_blank" href="https://www.benzinga.com/general/entertainment/24/04/38242691/can-spotifys-ai-dj-push-you-out-of-your-musical-comfort-zone-experts-say-recommender-system" rel="noreferrer noopener">600 million subscribers</a>.
The release of Amazon&#8217;s Prime Video &#8220;Fallout&#8221; TV series has sparked a significant resurgence in player numbers across Microsoft&#8217;s Bethesda&#8217;s Fallout video game franchise, <a href="https://www.benzinga.com/general/entertainment/24/04/38260627/prime-videos-fallout-series-sparks-record-game-revival-fallout-76-hits-all-time-high" target="_blank" rel="noreferrer noopener">even for titles released years ago</a>.
Tech
Amazon.com, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Twitch is set to launch its new TikTok-style discovery feed after a year of testing, bringing separate feeds for clips and livestreams to all users&nbsp;<a target="_blank" href="https://www.benzinga.com/general/gaming/24/04/38323296/twitchs-tiktok-style-feed-clips-livestreams-seamless-browsing" rel="noreferrer noopener">by the end of this month</a>.
Popular tech YouTuber MKBHD, or Marques Brownlee, kicked off a storm on social media after his Humane AI Pin review. He called it the &#8220;worst product&#8221; he has ever reviewed, weeks <a href="https://www.benzinga.com/news/24/04/38291724/do-bad-reviews-kill-companies-mkbhd-reacts-after-humane-ai-pin-video-sparks-concern-on-social-media" target="_blank" rel="noreferrer noopener">after his Fisker Ocean SUV review</a>.
Artificial Intelligence
Mistral AI CEO Arthur Mensch threw shade at rival OpenAI CEO Sam Altman, saying that the pursuit of artificial general intelligence (AGI) is <a href="https://www.benzinga.com/news/24/04/38266018/mistral-ceo-shades-openais-sam-altman-says-obsession-with-reaching-agi-is-about-creating-god" target="_blank" rel="noreferrer noopener">just an attempt at &#8220;creating God.</a>&#8220;
Elon Musk&nbsp;expressed concern over the potential dangers of AI being trained to lie for political correctness and suggested that it could be &#8220;very dangerous&#8221;&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38265325/elon-musk-warns-ais-potential-to-lie-for-political-correctness-poses-threat-to-humanity-would-be-ver" rel="noreferrer noopener">and &#8220;kill millions&#8221; in the process</a>.
Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38310022/former-openai-researcher-who-predicted-theres-a-50-chance-ai-could-kill-us-all-is-now-heading-us-ai" rel="noreferrer noopener">Former OpenAI Researcher Who Predicted There&#8217;s A 50% Chance AI Could Kill Us All Is Now Heading US AI Safety Institute</a>
JPMorgan &amp; Chase Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO&nbsp;Jamie Dimon&nbsp;has outlined his vision for the future of money in an AI-driven world, emphasizing the potential of artificial intelligence (AI)&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38308489/jamie-dimon-likens-ai-to-the-printing-press-says-it-will-be-a-huge-aid-to-recognize-patterns-of-succ" rel="noreferrer noopener">to revolutionize the financial sector</a>.
Microsoft Corp.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)&nbsp;significant $13 billion investment in&nbsp;OpenAI&nbsp;will not undergo a formal investigation by the European Union&#8217;s merger watchdogs, alleviating concerns&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/04/38299939/eu-clears-microsofts-13b-openai-investment-from-formal-probe-a-relief-for-tech-giants" rel="noreferrer noopener">about potential regulatory interventions</a>.&nbsp;
Photo via Pixabay

Let's Spill The Tea: Top Consumer Tech News From Last Week That You Should Know

Six S&amp;P 500 stocks often experience a surge when shares of Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) take a dip, an analysis by CNBC revealed.
What Happened: The six U.S.-listed stocks that typically see a rise when Nvidia&#8217;s shares falter include Jack Daniel's distiller Brown-Forman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>), gaming giant Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), health products manufacturer Henry Schein, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSIC#NASDAQ">HSIC</a>), software outsourcing behemoth Cognizant Technology Solutions Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>), pet care company Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>), and securities exchange Cboe Global Markets, Inc. (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>), CNBC <a href="https://www.cnbc.com/2024/04/19/here-are-the-6-stocks-that-rise-when-nvidia-shares-fall.html">reported</a> on Thursday.
The Pearson correlation coefficient, a measure of linear correlation between two variables, was used in the analysis to determine the relationship between the stock prices. The analysis screened S&amp;P 500 stocks that show an inverse correlation to Nvidia over a month and year period, following Nvidia&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38177926/whats-next-for-nvidia-as-stock-enters-correction-zone-munster-singles-out-crucial-q">stock falling into correction territory</a> for the second time this month. 
Some technical analysts have suggested that it might be time for investors to offload Nvidia too. Katie Stockton of Fairlead Strategies noted that chart patterns suggest a deeper pullback might be on the horizon "just in time for the seasonal adage of ‘sell in May, and go away' to manifest itself in investor behavior." 
See Also: <a href="https://www.benzinga.com/news/24/04/38286752/elon-musk-reacts-as-marc-andreessen-says-google-is-literally-run-by-employee-mobs-with-chinese-spies?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts As Marc Andreessen Says Google Is &#8216;Literally Run By Employee Mobs&#8217; With &#8216;Chinese Spies&#8217;</a>
Adam Parker of Trivariate Research also listed eight steady growth stocks that could replace Nvidia if investors are worried about overexposure.
Why It Matters: Nvidia&#8217;s stock has been in the spotlight recently. In April, Evercore ISI predicted that <a href="https://www.benzinga.com/markets/equities/24/04/38306414/nvidia-stock-could-see-81-upside-by-2025-says-evercore-isi-only-in-the-beginning-phases-of-gener">Nvidia&#8217;s stock could surge by 81% by 2025</a>, suggesting that the company was only in the initial stages of generating outsized returns. 
However, the stock has been under pressure due to concerns over rising interest rates and a slew of corporate earnings reports. This led to <a href="https://www.benzinga.com/top-stories/24/04/38313015/nvidia-etfs-take-center-stage-as-bears-bulls-duke-it-out-with-8-14-swings">significant swings in Nvidia ETFs</a> as bulls and bears battled it out. 
As of Thursday, Nvidia&#8217;s stock closed at $846.71, marking an increase of 0.76% from the previous close. The stock&#8217;s 52-week high and low are $974 and $262.25 respectively, indicating significant fluctuations in the stock&#8217;s performance.
Read Next: <a href="https://www.benzinga.com/news/24/04/38111017/tesla-ceo-elon-musk-disagrees-with-nvidias-jensen-huang-that-anyone-can-make-their-own-neural-networ?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Disagrees With Nvidia&#8217;s Jensen Huang That Anyone Can Make Their Own Neural Network: &#8216;It&#8217;s Insanely Hard&#8217;</a>
Photo via Shutterstock
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Jack Daniels Parent Company, EA, Cognizant Among 6 Stocks That Shine When Nvidia Slips: Analysis

Electronic Arts Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) has unveiled plans for an open-world <a href="https://www.benzinga.com/general/gaming/23/07/33173535/electronic-arts-unveils-plans-for-black-panther-video-game-announces-comeback-to-mma-genre-with-uf">Black Panther game,</a> developed by Cliffhanger Games, through a recent job listing. 
<a href="https://www.ign.com/articles/eas-black-panther-appears-to-be-an-open-world-sandbox-based-on-job-posting">According </a>to IGN, they&#8217;re seeking a Senior Sandbox Designer II to help shape encounters, systems, and gameplay within this dynamic setting. The goal is to create an immersive environment that seamlessly integrates sandbox elements with the game&#8217;s narrative and objectives.
The job listing teases features like urban crowds and wildlife, promising players &#8220;a living, breathing game world.&#8221; Moreover, it suggests incorporating linear missions into the open world for a smoother gaming experience.
See Also: <a href="https://www.benzinga.com/general/gaming/24/04/38302723/unveiling-nintendos-april-2024-indie-world-showcase-whats-in-store">Unveiling Nintendo&#8217;s April 2024 Indie World Showcase: What&#8217;s In Store</a>
Cliffhanger Games, which includes talent from Middle-earth: Shadow of Mordor, is dedicated to enhancing the Black Panther experience. 
Oversight for the project falls on Connie Booth, a former PlayStation executive now leading as EA&#8217;s Group General Manager. 
Booth&#8217;s role encompasses managing both the Black Panther and EA Motive&#8217;s Iron Man games as part of a larger deal between EA and The Walt Disney Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) Marvel for three action-adventure projects. However, details about the third game remain under wraps.
While EA&#8217;s Black Panther game promises an innovative take on the Wakandan hero, it&#8217;s not the only game featuring him. 
Amy Hennig&#8217;s Marvel 1943: Rise of Hydra, set for release in 2025, also includes Black Panther alongside Captain America. Yet, the release date for EA&#8217;s game remains undisclosed.
Read Next: <a href="https://www.benzinga.com/general/gaming/24/04/38257897/star-wars-day-arrives-to-fortnite-with-epic-crossover">Star Wars Day Arrives To Fortnite With Epic Crossover</a>
Image courtesy of Cliffhanger Games.

EA's Black Panther Game Takes Shape As Open-World Marvel Sandbox

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Motorcar Parts of America, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>)</h3>
<ul>
<li>On Feb. 9, Motorcar Parts of America posted downbeat quarterly results. The company's stock fell around 29% over the past month and has a <a href="https://www.benzinga.com/quote/MPAA">52-week low of $4.26</a>.</li>
<li>RSI Value: 21.74</li>
<li>MPAA Price Action: Shares of Motorcar Parts of America gained 3.9% to trade at $5.31 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Malibu Boats, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>)   </h3>
<ul>
<li>On April 15, Raymond James analyst Joseph Altobello downgraded Malibu Boats from Outperform to Market Perform. The company's stock fell around 16% over the past five days. It <a href="https://www.benzinga.com/quote/MBUU">has a 52-week low</a> of $33.82.</li>
<li>RSI Value: 26.13</li>
<li>MBUU Price Action: Shares of Malibu Boats rose 1% to trade at $34.30 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">ThredUp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDUP#NASDAQ">TDUP</a>)</h3>
<ul>
<li>On March 4, ThredUp reported worse-than-expected fourth-quarter GAAP EPS results.. The company's stock fell around 11% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/TDUP">low of $1.5150</a>.</li>
<li>RSI Value: 29.49</li>
<li>TDUP Price Action: Shares of ThredUp rose 0.7% to trade at $1.54 on Thursday.</li>
</ul>

Read More: <a href="https://www.benzinga.com/news/24/04/38316287/netflix-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

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Top 3 Consumer Stocks Which Could Rescue Your Portfolio This Quarter

Benchmark analyst Mike Hickey reiterates Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) with a Buy and maintains $153 price target.

Reiteration

Benchmark Reiterates Buy on Electronic Arts, Maintains $153 Price Target

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Angi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angi#NASDAQ">ANGI</a>)</h3>
<ul>
<li>Angi will post its first quarter results after the close of market trading on Tuesday, May 7, 2024. The company&rsquo;s stock fell around 22% over the past month and has a <a href="https://www.benzinga.com/quote/ANGI"> 52-week low of $1.55 </a>.</li>
<li>RSI Value: 28.70</li>
<li>ANGI Price Action: Shares of Angi fell 2.9% to close at $2.01 on Tuesday.</li>
</ul>
<h3>Direct Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drct#NASDAQ">DRCT</a>)</h3>
<ul>
<li>On March 26, Direct Digital reported worse-than-expected fourth-quarter financial results. &ldquo;2023 was another transformational year for Direct Digital Holdings, achieving remarkable year-over-year revenue growth of 76% as well as dramatic operational expansion, and impressive results for our shareholders,&rdquo; commented Mark D. Walker, CEO of Direct Digital. The company&rsquo;s stock fell around 73% over the past month. It <a href="https://www.benzinga.com/quote/DRCT"> has a 52-week low </a> of $1.96.</li>
<li>RSI Value: 29.74</li>
<li>DRCT Price Action: Shares of Direct Digital fell 6.9% to close at $7.73 on Tuesday.</li>
</ul>
<h3>AT&amp;T Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>)</h3>
<ul>
<li>On March 31, AT&amp;T said personal data from 73 million current and former customers account holders was leaked. The company&rsquo;s stock fell around 4% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/T"> low of $13.43.</a></li>
<li>RSI Value: 28.46</li>
<li>T Price Action: Shares of AT&amp;T fell 0.9% to close at $16.09 on Tuesday.</li>
</ul>
<h3>Electronic Arts Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ea#NASDAQ">EA</a>)</h3>
<ul>
<li>Electronic Arts is expected to release its financial results for the fiscal quarter and year ended March 31, 2024 after the close of market on Tuesday, May 7, 2024. The company&rsquo;s shares lost around 4% over the past month. The company&rsquo;s 52-week low is $117.47.</li>
<li>RSI Value: 28.21</li>
<li>EA Price Action: Shares of Electronic Arts fell 0.4% to close at $126.55 on Tuesday.</li>
</ul>
<h3>GD Culture Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdc#NASDAQ">GDC</a>)</h3>
<ul>
<li>On March 22, GD Culture Group announced a registered direct offering. The company&rsquo;s shares fell around 53% over the past month. The company <a href="https://www.benzinga.com/quote/GDC"> has a 52-week low </a> of $0.5850.</li>
<li>RSI Value: 19.60</li>
<li>GDC Price Action: Shares of GD Culture Group gained 7.7% to close at $0.6699 on Tuesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38284995/investor-optimism-decreases-dow-ends-6-session-losing-streak"> Investor Optimism Decreases; Dow Ends 6-Session Losing Streak </a>

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The Nasdaq 100 closed slightly higher on Tuesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Enphase Energy </h3>
<ul>
<li>The Trade: Enphase Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enph#NASDAQ">ENPH</a>) EVP &amp; Chief Commercial Officer David A Ranhoff <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 5,000 shares </a> at an average price of $116.29. The insider received around $581,474 from selling those shares.</li>
<li>What&rsquo;s Happening: Enphase Energy is expected to host a conference call and webcast on Tuesday, April 23, 2024.</li>
<li>What Enphase Energy Does: Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Wayfair</h3>
<ul>
<li>The Trade: Wayfair Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/w#NYSE">W</a>) Chief Commercial Officer) Jon Blotner <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 4,144 shares </a> at an average price of $60.52. The insider received around $250,795 from selling those shares.</li>
<li>What&rsquo;s Happening: Wayfair is expected to release financial results for its first quarter ending March 31, 2024 before the opening of the market on May 2, 2024.</li>
<li>What Wayfair Does: Wayfair engages in e-commerce in the United States (87% of 2023 sales), Canada, the United Kingdom, Germany, and Ireland.</li>
</ul>
<h3>CrowdStrike Holdings </h3>
<ul>
<li>The Trade: CrowdStrike Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crwd#NASDAQ">CRWD</a>) Shawn Henry <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 4,000 shares </a> at an average price of $308.79. The insider received around $1.24 million from selling those shares.</li>
<li>What&rsquo;s Happening: On April 9, CrowdStrike announced an expanded partnership with Google Cloud to stop breaches across multi-cloud and multi-vendor environments..</li>
<li>What CrowdStrike Holdings Does: CrowdStrike is a cloud-based cybersecurity company specializing in next-generation security verticals such as endpoint, cloud workload, identity, and security operations.</li>
</ul>
<h3>Electronic Arts </h3>
<ul>
<li>The Trade: Electronic Arts Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ea#NASDAQ">EA</a>) Chief Legal Officer Jacob J. Schatz <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 1,000 shares </a> at an average price of $128.21. The insider received around $128,210 from selling those shares.</li>
<li>What&rsquo;s Happening: Electronic Arts is expected to release its financial results for the fiscal quarter and year ended March 31, 2024 after the close of market on May 7, 2024.</li>
<li>What Electronic Arts Does: EA is one of the world&#39;s largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38285179/travelers-likely-to-report-higher-q1-earnings-here-are-the-recent-forecast-changes-from-wall-street"> Travelers Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street&#39;s Most Accurate Analysts </a>
&nbsp;

Short Ideas

Insider Trades

CRWD

ENPH

CrowdStrike, Wayfair And 2 Other Stocks Insiders Are Selling

At the 20th BAFTA Games Awards, Baldur&#8217;s Gate 3 took center stage, clinching five wins, including the prestigious <a href="https://www.benzinga.com/general/gaming/24/01/36684817/this-best-selling-game-outsold-modern-warfare-3-in-us-can-you-guess-which-one">Best Game title. </a>
&#8220;I still can&#8217;t believe we&#8217;re standing here&#8230; thank you everybody,&#8221; Swen Vincke, the head of Larian Studios, said, the BBC <a href="https://www.bbc.com/news/entertainment-arts-68792891">reported.</a>
Lead writer Sarah Baylus shared her sentiments, calling it &#8220;an honor and a privilege.&#8221; Meanwhile, Borislav Slavov, composer for Baldur&#8217;s Gate 3, couldn&#8217;t hold back tears as he thanked the audience for &#8220;this special moment in [his] life,&#8221; emphasizing the importance of putting heart into music.
See Also: <a href="https://www.benzinga.com/general/gaming/24/03/37882963/sad-news-for-baldurs-gate-3-fans-larian-studios-ends-downloadable-content-sequel-plans-moves-beyon">Sad News For Baldur&#8217;s Gate 3 Fans: Larian Studios Ends Downloadable Content, Sequel Plans; Moves Beyond &#8216;Dungeons &amp; Dragons&#8217;</a>
Nintendo ADR&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) Super Mario Bros. Wonder grabbed two awards, while Electronic Arts Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) Star Wars Jedi: Survivor, despite six nominations, left empty-handed. 
Viewfinder, a photography-based puzzler, garnered attention as the best British game. The event also highlighted industry growth, with UKIE reporting a rise in game software sales to £5.18bn in the UK last year.
Nexon Co Ltd&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NEXOF#OTC">NEXOF</a>) Dave the Diver, though missing the top prize, celebrated victory in game design, with director Jaeho Hwang humorously remarking: &#8220;We just beat Zelda&#8230; now I&#8217;m bringing this heavy mask back to Korea!&#8221; 
Amidst accolades, the ceremony reflected on the industry&#8217;s challenges, with host Phil Wang acknowledging <a href="https://www.benzinga.com/general/gaming/24/01/36601387/2024-gaming-industry-shakeup-over-2-700-layoffs-revealed-in-past-11-days">job cuts within major game companies. </a>
Nevertheless, presenters highlighted the artistic merit of game design, emphasizing its importance as an art form. 
The event concluded on a poignant note, paying tribute to industry figures with a moving performance of &#8220;Late Goodbye&#8221; from Max Payne 2.
Here&#8217;s The Full List Of The Bafta Game Awards Winners
<ul>
<li>Best Game: Baldur's Gate 3</li>
<li>Narrative: Baldur's Gate 3</li>
<li>Performer in a Leading Role: Nadji Jeter as Miles Morales in Marvel's Spider-Man 2</li>
<li>Performer in a Supporting Role: Andrew Wincott as Raphael in Baldur's Gate 3</li>
<li>Music: Baldur's Gate 3</li>
<li>Audio Achievement: Alan Wake 2</li>
<li>Artistic Achievement: Alan Wake 2</li>
<li>British Game: Viewfinder</li>
<li>Debut Game: Venba</li>
<li>Evolving Game: Cyberpunk 2077</li>
<li>Family: Super Mario Bros. Wonder</li>
<li>Game Beyond Entertainment: Tchia</li>
<li>Game Design: Dave the Diver</li>
<li>Multiplayer: Super Mario Bros. Wonder</li>
<li>New Intellectual Property: Viewfinder</li>
<li>Technical Achievement: The Legend of Zelda: Tears of the Kingdom</li>
<li>EE Players' Choice: Baldur's Gate 3</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38031656/this-is-one-of-the-most-profitable-video-game-makers-youve-probably-never-heard-of-how-it-made-120m">This Is One Of The Most Profitable Video Game Makers You&#8217;ve Probably Never Heard Of: How It Made $120M In Net Profit Last Year</a>
Image courtesy of BAFTA.

NEXOF

BAFTA Games Awards 2024: Guess Which Video Game Took 5 Prizes Home

Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) is set to dissolve its Apex Legends UK quality assurance (QA) team, impacting around 40 <a href="https://www.benzinga.com/general/gaming">contracted workers. </a>
<a href="https://insider-gaming.com/apex-legends-qa/">According</a> to Insider Gaming, the decision was revealed during a &#8216;Business Update&#8217; Zoom call, leaving managers unaware until informed by affected employees. Established in 2022, the UK team oversaw QA for Apex Legends from Season 16 onwards.
See Also: <a href="https://www.benzinga.com/general/gaming/24/01/36601387/2024-gaming-industry-shakeup-over-2-700-layoffs-revealed-in-past-11-days">2024 Gaming Industry Shakeup: Over 2,700 Layoffs Revealed In Past 11 Days</a>
Although the team reportedly met its performance targets, the non-renewal of contracts was attributed to a broader business restructuring rather than performance issues. 
Sources who talked with Insider Gaming under the condition of anonymity, stated: &#8220;Everything seemed to be heading to a normal renewal ready to tackle the next year of plans for Apex.&#8221;
Affected individuals now face uncertainty in seeking new employment, with some contracts expiring imminently. Notably, this move does not appear linked to the <a href="https://www.benzinga.com/news/24/02/37394000/ea-to-lay-off-5-employees-shifts-focus-on-core-gaming-franchises-and-online-communities">prior layoff of 670 EA </a>employees in late February.
Last month, EA&#8217;s CEO Andrew Wilson highlighted Apex Legends&#8217; substantial player base, hinting at future expansions beyond the battle royale genre. 
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/03/37988327/gaming-industry-layoffs-nintendo-confirms-testing-department-cuts">Gaming Industry Layoffs: Nintendo Confirms Testing Department Cuts</a>
Image credits: <a href="https://www.shutterstock.com/es/g/ricochet64">ricochet64</a> on Shutterstock.

EA Drops UK Quality Team, Leaves 40 Apex Legends Staffers In Limbo

<a href="https://www.gamesindustry.biz/ea-raising-price-of-ea-play-subscription?utm_source=feed&amp;utm_medium=rss&amp;utm_campaign=feed">https://www.gamesindustry.biz/ea-raising-price-of-ea-play-subscription?utm_source=feed&amp;utm_medium=rss&amp;utm_campaign=feed</a>
&nbsp;

'EA Raising Price Of EA Play Subscription' - Games Industry

In the preceding three months, 4 analysts have released ratings for Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), presenting a wide array of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $155.0, a high estimate of $162.00, and a low estimate of $143.00. This current average has increased by 4.03% from the previous average price target of $149.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1711573211_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Electronic Arts among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Eric Sheridan</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$143.00</td>
<td>$146.00</td>
</tr>
<tr>
<td>Nick McKay</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$162.00</td>
<td>-</td>
</tr>
<tr>
<td>Drew Crum</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$155.00</td>
<td>$152.00</td>
</tr>
<tr>
<td>Brian Pitz</td>
<td>BMO Capital</td>
<td>Announces</td>
<td>Outperform</td>
<td>$160.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Electronic Arts. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Electronic Arts compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Electronic Arts's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Electronic Arts's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/EA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Electronic Arts analyst ratings.</a>
<h2>About Electronic Arts</h2>
EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile. The firm owns number of large franchises, including Madden, EA Sports FC (formerly FIFA), Battlefield, Apex Legends, Mass Effect, Dragon's Age, and Need for Speed.
<h3>Financial Milestones: Electronic Arts's Journey</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Electronic Arts's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 3.4%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Communication Services sector.
Net Margin: Electronic Arts's net margin is impressive, surpassing industry averages. With a net margin of 14.91%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Electronic Arts's ROE stands out, surpassing industry averages. With an impressive ROE of 3.84%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Electronic Arts's ROA stands out, surpassing industry averages. With an impressive ROA of 2.17%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Electronic Arts's debt-to-equity ratio is below the industry average. With a ratio of 0.26, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 4 Ratings For Electronic Arts

UBS analyst Eric Sheridan maintains Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) with a Neutral and lowers the price target from $146 to $143.

UBS Maintains Neutral on Electronic Arts, Lowers Price Target to $143

On Tuesday, GameStop Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gme#NYSE">GME</a>) missed both top and bottom-line estimates with its latest quarterly report. Amid the ongoing shift to digital downloads with the rise of the cloud gaming platform by Microsoft Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) that accelerated the digitalization of the gaming industry, the videogame retailer delivered a lackluster fourth quarter report that after which its stock plunged in premarket trading on Wednesday.
Fourth quarter highlights
For the quarter that ended on February 3rd,&nbsp;the legacy meme stock company posted revenue of $1.79 billion, missing analyst estimates of $2.05 billion&nbsp;and falling from last year&rsquo;s comparable quarter when it amounted to $2.23 billion.&nbsp;Hardware and accessories sales brough in $1.09 billion with the segment also declining 12% YoY, while software sales tanked 31% to $465 million. GameStop reported earnings of&nbsp;earnings of $63.1 million.&nbsp;
As for the full year, GameStop posted revenue of $5.27 billion along with a profit of $6.7 million, or 2 cents per share.
GameStop made quite an effort to control what it can.
In order to achieve sustainable profitability,&nbsp;GameStop trimmed its workforce and even exited several international markets, namely Ireland, Switzerland, and Austria. The brick-and-mortar video game company is now being challenged by both the softened consumer spending, as well as the ongoing shift to digital downloads that are hurting physical retail. Although&nbsp;the video game retailer has not performed last year as well as investors hoped, GameStop did significant improvements to its balance sheet and dramatically slowed its cash burn rate with aggressive cost cuts.&nbsp;Hopefully, these improvements will empower GameStop to transition to a more effective business model but significant challenges in terms of its fundamental business and long-term potential remain. GameStop has tried to diversify its revenue bit it still didn&rsquo;t get anywhere. Back in 2020, it announced a multiyear strategic partnership with Microsoft. But despite thinking in a good direction to&nbsp;enhance its offerings and customer experience with the help Microsoft solutions,&nbsp;
If anything, it&rsquo;s comforting to know that the partnership with Microsoft equipped GameStop with the technologies to create the ultimate gaming destination. But, the tech support from Microsoft couldn&rsquo;t do much against rising competition from e-commerce firms and weakened consumer spending amid an uncertain economy that weighed on the entire gaming industry. Last month, U.S. videogame publishers Take-Two Interactive Software Inc (NASDAQ: TTW) and Electronic Arts Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ea#NASDAQ">EA</a>) also reported earnings that were short of analyst estimates.
What GameStop urgently needs is to outline its long-term plan and demonstrate how it intends to last in a world where it&rsquo;s getting increasingly easy to become irrelevant overnight.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Opinion

GameStop Needs To Get Its Game Back

Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) has outperformed the market over the past 10 years by 5.35% on an annualized basis producing an average annual return of 16.06%. Currently, Electronic Arts has a market capitalization of $34.95 billion. 
Buying $100 In EA: If an investor had bought $100 of EA stock 10 years ago, it would be worth $450.60 today based on a price of $130.73 for EA at the time of writing.
<h3>Electronic Arts's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711479614_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 10 Years Ago Would Be Worth $500 Today

In 2023, the "Barbie" movie broke records at the box office and was the highest-grossing movie for the year <a href="https://www.benzinga.com/general/entertainment/23/07/33351922/barbie-oppenheimer-set-box-office-records-its-the-first-top-10-weekend-missing-this-key-ing">domestically and worldwide.</a>
The star and producer of the movie is now setting sights on a video game adaptation for the big screen.
What Happened: The success of "Barbie" at the box office and strong reviews led to the movie being a <a href="https://www.benzinga.com/general/entertainment/24/01/36742998/academy-award-nominations-disney-oppenheimer-dominate-list-while-barbie-gets-smaller-billin">staple on the awards circuit.</a>
Video game fans might be excited to hear that Margot Robbie and her LuckyChap production company are working on a movie based on the hit game, "The Sims."
"Loki" director Kate Herron is currently attached to direct and co-write the screenplay for the movie based on the video game.
Along with LuckyChap, the movie will be produced by Vertigo Entertainment. Video game company Electronic Arts Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), which is behind the popular computer game, is involved as a producer and in the creative process according to the Hollywood Reporter.
The adaptation does not currently have a distribution partner attached but was said to be a "hot package" according to the report.
Related Link: <a href="https://www.benzinga.com/general/entertainment/23/08/33867994/barbie-movie-magic-heres-how-much-margot-robbie-made-for-her-starring-role-and-producing-hi">Barbie Movie Magic: Here&#8217;s How Much Margot Robbie Made For Her Starring Role And Producing Hit Film</a>
Why It's Important: Since its release in 2000, "The Sims" is one of the most popular and most well-known computer games of all-time.
Sequels and spinoffs of the game expanded the popularity of "The Sims."
The Hollywood Reporter pointed to similarities of the game and "Barbie."
"The game has no real narrative and features characters going about their lives, albeit controlled by gameplayers. Barbie, as a toy, has no narrative, being a doll with an endless array of careers, controlled by players," an article reads.
Video game adaptations have <a href="https://www.benzinga.com/general/entertainment/24/01/36476388/from-mario-to-minecraft-jack-black-boards-new-video-game-adaptation">become popular</a> for movie companies and streaming platforms. With the success of the "Barbie" movie, this adaptation could become a potential big win for whoever grabs the rights.
The movie could also bring new and returning fans to "The Sims" games, benefitting Electronic Arts in the future.
Read Next:<a href="https://www.benzinga.com/general/entertainment/23/07/33373109/barbie-star-margot-robbie-says-she-used-her-movie-earnings-to-pay-off-her-mothers-mortgage-"> &#8216;Barbie&#8217; Star Margot Robbie Says She Used Her Movie Earnings To Pay Off Her Mother&#8217;s Mortgage: &#8216;Don&#8217;t Even Worry About That Mortgage&#8217;</a>
Photo: Shutterstock

Margot Robbie Smashed The Box Office With 'Barbie,' Now She's Set To Bring Bestselling Video Game To The Big Screen

Electronic Arts (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ea#NASDAQ">EA</a>) has responded to security concerns surrounding Apex Legends by implementing the first in a series of <a href="https://www.benzinga.com/general/gaming/23/10/35127293/sony-reveals-another-security-breach-about-6-800-employee-records-compromised">security updates.</a>
This action follows a disturbing incident during the Apex Legends Global Series where professional players were hacked mid-match, prompting the tournament to be halted, IGN <a href="https://www.ign.com/articles/respawn-deploys-apex-legends-security-update-amid-concern-after-pro-accounts-were-hacked-mid-match">reported.</a>
Noyan &quot;Genburten&quot; Ozkose and Phillip &quot;ImperialHal&quot; Dosen were among those affected, with Ozkose experiencing wall-hacking abilities and Dosen encountering an aimbot, as evidenced by chat messages indicating hacking involvement.
See Also:&nbsp;<a href="https://www.benzinga.com/general/entertainment/23/01/30527285/riot-games-hit-by-massive-cyber-attack-affecting-updates-for-multiple-titles">Riot Games Hit By Massive Cyber Attack, Affecting Updates For Multiple Titles</a>
Respawn Entertainment, the developer of <a href="https://www.benzinga.com/general/gaming/24/01/36580947/player-outcry-over-apex-legends-expensive-final-fantasy-vii-crossover-heres-how-much-youd-spend-in">Apex Legends</a>, has acknowledged the security breach, stating that a few professional player accounts were compromised during the event.
They emphasized prioritizing game and player security, leading to the implementation of initial updates to safeguard the player community.
Despite Respawn&#39;s assurance, concerns persist regarding Apex Legends&#39; security, especially on PC platforms. Some players are hesitant to continue playing until more comprehensive details and assurances are provided by the developer.
Epic Games&#39; Easy Anti-Cheat, utilized by Apex Legends, has denied any involvement in the hacks, stating that investigations have found no Remote Code Execution (RCE) vulnerabilities within their software.
<blockquote class="twitter-tweet">An update from the <a href="https://twitter.com/PlayApex?ref_src=twsrc%5Etfw">@PlayApex</a> team: <a href="https://t.co/fuwKYmHFVP">pic.twitter.com/fuwKYmHFVP</a>
&mdash; Respawn (@Respawn) <a href="https://twitter.com/Respawn/status/1770285073688137762?ref_src=twsrc%5Etfw">March 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Read Next:&nbsp;<a href="https://www.benzinga.com/general/gaming/23/12/36369116/insomniac-games-responds-to-cyberattack-like-logan-insomniac-is-resilient">Insomniac Games Responds To Cyberattack: &#39;Like Logan ... Insomniac Is Resilient&#39;</a>
Image credits:&nbsp;<a href="https://www.shutterstock.com/es/g/Sergei_Elagin">Sergei Elagin</a>&nbsp;on Shutterstock.

EA Reacts To Apex Legends Hacks: Security Updates Launched After Pro Player Breach

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As gaming stocks have a bright future, investors should tap into this industry now while the valuation of these companies are still cheap. 



The <a href="https://gameanalytics.com/blog/gaming-industry-trends-2024/">global video game market size</a> was valued at approximately $217.06 billion in 2022 and is anticipated to grow at a compound annual growth rate of 13.4% from 2023 to 2030. This growth is largely driven by advancements in online gaming.



Online gaming dominates the market, attributed to increased internet penetration and the popularity of massively multiplayer online and free-to-play games. Moreover, the industry is seeing a shift towards subscription-based models, with platforms like Xbox Game Pass by Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) and Apple&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) Apple Arcade.



This means that the gaming industry is becoming more lucrative due to some of these firms being evaluated the same as <a href="https://investorplace.com/industries/technology/">tech stocks</a> are, due to their monthly recurring revenue streams.



We might be at an inflection point soon when these companies take off. So here are three gaming stocks for investors to consider.



<h2>Roblox (RBLX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/rblx1600-1-300x169.jpg" alt="Roblox sign logo at headquarters. RBLX stock"><div>Source: Michael Vi / Shutterstock.com</div></div>Roblox (NYSE:<a href="https://investorplace.com/stock-quotes/rblx-stock-quote/">RBLX</a>) has proven to be a resilient name in the gaming industry, and it has only just begun to mark its dominance in the industry.



Unlike traditional gaming platforms that rely on a set catalog of games, Roblox allows users to create and monetize their own gaming experiences.



Starting out as a gaming platform for kids, it has since considerably broadened its demographic and expanded its monetization features. This includes the <a href="https://finance.yahoo.com/news/roblox-rblx-q4-2023-earnings-173014558.html">expansion of its developer subscription services</a> and advertising programs, which saw substantial brand engagements with <a href="https://www.campaignasia.com/article/roblox-expands-advertising-offering-for-brands-with-launch-of-new-website/494821">69 major brands</a> in Q4 2023.&nbsp;



Additionally, the company is enhancing its platform with new AI-driven features, such as real-time AI chat translation and AI-powered tools for 3D content creation.



Given how many dedicated communities on Roblox there are and its expanding monthly recurring revenue, Roblox will be in a great position to scale its userbase in the future and reach higher levels of profitability. This then makes it one of those gaming stocks to buy.



<h2>Unity Software Inc (U)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/unity_u_stock_1600-300x169.png" alt="In this photo illustration Unity Software Inc. (U stock) logo is seen on a mobile phone and a computer screen."><div>Source: viewimage / Shutterstock.com</div></div>Unity Software Inc (NYSE:<a href="https://investorplace.com/stock-quotes/u-stock-quote/">U</a>) dominates the game engine market, especially for mobile games, and also has significant shares in PC and VR and AR markets.



It should also be noted that Unity is a popular game engine of indie developers. So, even if one has a less bullish forecast on AAA publishers&rsquo; ability to outperform, Unity covers one-man bands, as well as small teams. Mobile gaming is its obvious strength, and VR and AR are strong potential growth areas.



For 2024, Unity is concentrating on <a href="https://investors.unity.com/news/news-details/2024/2024-Unity-Gaming-Report-Highlights-Game-Studios-Continued-Resilience-As-They-Boldly-Stretch-Resources-Amidst-Shifting-Market-Forces/default.aspx">expanding its core business areas</a>, including enhancing AI integration within its development tools and launching new multiplayer projects. 



Unity 6, a major update, is set to launch in fall 2024, promising improved performance and expanded features for developers. Additionally, Unity Muse, an AI-powered development platform, will be integrated directly into the Unity Editor.



Finally, the <a href="https://www.marketbeat.com/stocks/NYSE/U/price-target/">consensus price target</a> among analysts is $37.03 for Unity to be reached within the next twelve months, which represents a potential upside of 61.64% from its current price.



<h2>Electronic Arts (EA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/ea1600f-1-300x169.jpg" alt="Electronic Arts logo on a wall"><div>Source: Rick Neves / Shutterstock.com</div></div>Electronic Arts (NASDAQ:<a href="https://investorplace.com/stock-quotes/ea-stock-quote/">EA</a>) is a major player in video game development and publishing, known for popular titles across various genres like sports, such as FIFA and Madden NFL, first-person shooters and simulation games.&nbsp;



Although some committed gamers point out EA&rsquo;s reputation for <a href="https://www.gadgets360.com/games/reviews/ea-sports-fc-24-review-fifa-gameplay-career-mode-ultimate-team-4477856">rehashing</a> the same games every year, as in the case for its blockbuster sports franchises, combined with the morally debatable practice of loot boxes and pay-to-win dynamics, EA has managed to stand the test of time as a business.



EA also <a href="https://seekingalpha.com/symbol/EA/news">recently adjusted</a> its workforce, <a href="https://www.cnbc.com/2023/03/29/ea-laying-off-6percent-of-workforce-reducing-office-space.html">reducing it by 6%</a> and implementing restructuring charges expected to range from $170 million to $200 million. This move aligns with broader industry trends &mdash; a smaller team in the future is why you should be bullish on EA.



EA forecasts net revenue to range between $7.3 billion and $7.7 billion this year, and net <a href="https://www.ea.com/news/electronic-arts-reports-q1-fy24-financial-results">income is projected </a>between $947 million and $1.087 billion. Diluted earnings per share are expected to lie between $3.42 and $3.92. This puts it around the results of last year, but the efficiencies of having a smaller workforce could unlock greater value in the long run.



On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> InvestorPlace.com Publishing Guidelines</a>.
<div>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-non-gamestop-stocks-to-buy-for-the-future-of-gaming/">3 Non-Gamestop Stocks to Buy for the Future of Gaming</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Non-Gamestop Stocks to Buy for the Future of Gaming

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Video game sales have been explosive. In 2023,&nbsp;<a href="https://www.prnewswire.com/news-releases/us-consumer-video-game-spending-totaled-57-2-billion-in-2023--302055683.html">sales came in at $57.2 billion</a>, according to&nbsp;the Entertainment Software Association&nbsp;and&nbsp;Circana. That includes all types of gaming sales, including downloadable content, subscription spending across consoles, cloud, mobile, PC, virtual reality, gaming hardware and video game accessories. Even more impressive, that number was greater than the&nbsp;<a href="https://www.prnewswire.com/news-releases/us-consumer-video-game-spending-totaled-57-2-billion-in-2023--302055683.html">$56.6 billion in sales for 2022</a>, which was solid news for some of the top gaming stocks.



&ldquo;Great content is what drives the video game market, and 2023&rsquo;s release slate was one of the best in industry history,&rdquo; said&nbsp;<a href="https://www.prnewswire.com/news-releases/us-consumer-video-game-spending-totaled-57-2-billion-in-2023--302055683.html">Mat Piscatella, executive director, video games at Circana</a>. &ldquo;While mobile, console and PC platforms remain the way most people engage with gaming today, new technologies are expanding the ways people can play. The future continues to be very bright.&rdquo;



Even better, there are many more games set for release this year, which could catapult sales even higher. We&rsquo;re also hoping to hear more about the industry&rsquo;s 800 lb. gorilla, Grand Theft Auto VI (GTA), which could crush sales expectations. Ahead of that, you may want to jump into some of the top gaming stocks &mdash; especially on dips.



<h2>Take-Two Interactive (TTWO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/11/ttwo1600-300x169.png" alt="Take-Two Interactive Software, Inc. (TTWO) is an American video game holding company. A smartphone with the Take-Two logo on the screen surrounded by gamepads."><div>Source: Sergei Elagin / Shutterstock.com</div></div>After testing a high of $171.59 on GTA hype,&nbsp;Take-Two Interactive&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/ttwo-stock-quote/">TTWO</a>) plummeted to a recent low of $138.93 on the game&rsquo;s delay.&nbsp;



Unsure of when it will see the light of day, investors have soured on the name. However, with most of the negativity now priced in, oversold shares of TTWO are a bargain. Plus, it&rsquo;s slowly starting to pivot higher from over-extensions on RSI, MACD, and Williams&rsquo; %R. From its last traded price of $141.72, I&rsquo;d like to see it rally back to $171.59 with patience.



Analysts at&nbsp;<a href="https://www.investing.com/news/company-news/taketwo-interactive-maintains-outperform-rating-with-185-pt-93CH-3391800">Oppenheimer also just reiterated an outperform rating on the stock</a>, with a price target of $185. The firm noted investor anticipation for GTA VI, upcoming earnings, and a potential adjustment to fiscal year 2025 guidance. And while TTWO did announce it would cut 5% of its workforce and slash some projects as part of its cost-reduction plans, it is expected to drive about&nbsp;<a href="https://www.reuters.com/technology/take-two-interactive-cut-5-its-workforce-2024-04-16/">$165 million in annual cost savings</a>.



<h2>Electronic Arts (EA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/ea-1600-300x169.png" alt="EA games logo on a black brick background. EA stock."><div>Source: ricochet64 / Shutterstock</div></div>Electronic Arts&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/ea-stock-quote/">EA</a>) is also technically oversold on RSI, MACD, and Williams&rsquo; %R. From its last traded price of $127.14, I&rsquo;d like to see it retest $144.25 near term. It&rsquo;s also cutting its headcount by 5% to cut costs, and just said it would&nbsp;<a href="https://seekingalpha.com/news/4088645-ea-raise-price-of-monthly-annual-ea-play-subscriptions-report">raise the price of its monthly and annual EA Play subscriptions</a>. The monthly subscription will jump by $1. The annual fee will rise $10 by May.



Earnings haven&rsquo;t been too shabby for EA. In its third quarter, the company&rsquo;s earnings per share was $1.07, which was 17 cents ahead of estimates. Net bookings were up 1.3% year over year to $2.37 billion. Free cash flow for the trailing 12 months came in at $2.2 billion from $1.164 billion a year earlier. Moving forward, EA expects to see EPS of between $4.21 and $4.68, which would be 54% at the midpoint from $2.88 a year earlier.



Much like TTWO, I&rsquo;d use weakness as an opportunity with the Electronic Arts stock.



<h2>VanEck Vectors Video Gaming and eSports ETF (ESPO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/mobile-esports-300x169.jpg" alt="A mobile gamer cheering on her smartphone with neon background. MGAM stock"><div>Source: Shutterstock</div></div>We can even use weakness in the&nbsp;VanEck Vectors Video Gaming and eSports ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/espo-stock-quote/">ESPO</a>) as an opportunity. Not only does the exchange-traded fund (ETF) offer solid diversification among top gaming stocks and eSports stocks, it also does so for less than $60 a share at the moment.&nbsp;



Better, after pulling back from a high of about $65 to about $58, it&rsquo;s just starting to pivot higher. It&rsquo;s also over-extended on RSI, MACD, and Williams&rsquo; %R and could rally back to $65.



With an expense ratio of 0.59%, the ESPO ETF holds 29 top video game and eSports stocks, including&nbsp;Nintendo&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/ntdoy-stock-quote/">NTDOY</a>),&nbsp;Advanced Micro Devices&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>), Electronic Arts,&nbsp;Roblox (NYSE:<a href="https://investorplace.com/stock-quotes/rblx-stock-quote/">RBLX</a>),&nbsp;Tencent Holdings&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/tcehy-stock-quote/">TCEHY</a>), and&nbsp;Unity Software&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/u-stock-quote/">U</a>) to name a few. It also seeks to replicate the&nbsp;performance of the MVIS&nbsp;Global Video Gaming and eSports Index, which tracks the performance of stocks involved in video game development, esports, and related hardware and&nbsp;software,&nbsp;<a href="https://www.vaneck.com/us/en/investments/video-gaming-esports-etf-espo/overview/">as noted by VanEck.com</a>.



On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/the-top-3-gaming-stocks-to-buy-in-april-2024/">The Top 3 Gaming Stocks to Buy in April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.