Zynga (ZNGA) Guidance Looks Conservative - Jefferies

August 5, 2016 7:12 AM EDT
Get Alerts ZNGA Hot Sheet
Price: $2.88 -1.03%

Rating Summary:
    7 Buy, 19 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Jefferies US Interactive Entertainment Team reiterated a Buy rating and $5 price target on Zynga (NASDAQ: ZNGA) after a solid quarter and seemingly conservative guidance.

The commented, "ZNGA posted a solid quarter ahead of consensus, and 3Q outlook looks conservative. By year-end we believe user metrics (which have mostly stabilized) could begin to inflect upwards for the first time in years. We note ZNGA does not need a breakout hit to drive growth and profitability and we continue to think the risk / reward looks attractive at these levels especially with $1.25 per share in cash, investments, and real estate."

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

Shares of Zynga closed at $2.97 yesterday.

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