Zynga (ZNGA) Ticks Higher After Analyst Highlights His "Buy" Rating on CNBC

December 19, 2011 12:24 PM EST Send to a Friend
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Price: $2.34 --0%

Rating Summary:
    3 Buy, 22 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 20 | New: 18
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Zynga, Inc. (Nasdaq: ZNGA) is accelerating higher mid-day after shares were highlighted by an analyst on CNBC's FastMoney as a Buy.

BTIG's analyst Richard Greenfield discussed his new Buy rating and $13 price target on the stock. Greenfield said the company should be considered an entertainment company and a cure for boredom. The Buy rating is from Friday.

One Fast Money trader highlighted that Greenfield was right about Pandora (NYSE: P) and thinks he could also be right on Zynga.

Shares of Zynga are still down 3.2%, but well of the day's lows.


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