Goldman Sachs Lifts Price Target on Zynga (ZNGA) to $15 Following Solid Q4 Results

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Goldman Sachs lifted its price target earlier on Buy-rated Zynga (NASDAQ: ZNGA) from $13 to $15 following Q4 results with bookings and PF EPS exceeding consensus by $3 mn and $0.02, respectively.

The firm's 2012E bookings, adjusted EBITDA and PF EPS estimates go from $1,380 mn, $423 mn, and $0.32 to $1,427 mn, $426 mn, and $0.29. 2013 estimates go from $1,740 mn, $592 mn, and $0.45 to $1,799 mn, $596 mn, and $0.42. 2014 estimates are $2,321 mn, $775 mn and $0.54.

For an analyst ratings summary and ratings history on Zynga click here. For more ratings news on Zynga click here.

Shares of Zynga are down 13.9% today to $12.36.

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