EA stock price surges as Wall Street falls in love with its PS4, Xbox One sales and more

If you want your stock price to have a strong day on the exchange, make a lot of money while also showing that you know how to make a lot of money again tomorrow. That’s what publisher Electronic Arts is doing.

Following its third-quarter financial results yesterday, EA’s stock price is up more than 13 percent to $54.80. That’s its highest price since 2007, and analysts — like R.W. Baird’s Colin Sebastian — believe it could go even higher. This surge is largely due to the game company reporting better-than-expected revenues and earnings. During the holiday quarter, EA generated $1.43 billion in spending while Wall Street was only anticipating $1.29 billion.