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

December 19, 2011 12:24 PM EST
Get Alerts ZNGA Hot Sheet
Price: $2.61 -0.76%

Rating Summary:
    8 Buy, 19 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 5 | New: 0
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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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