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UPDATE - Barclays Initiates Coverage on Zynga (ZNGA) with an Overweight; Multiple Growth Drivers, with Execution as Key

January 25, 2012 1:50 PM EST
Get Alerts ZNGA Hot Sheet
Price: $8.18 --0%

Rating Summary:
    15 Buy, 18 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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UPDATE - Barclays initiates coverage on Zynga (NASDAQ: ZNGA) with an Overweight. PT $11.00.

Analyst, Mark May, said, "...We believe the online, social, casual and mobile game segments have significant growth prospects and believe Zynga has several competitive advantages, including 1) a large installed user base, 2) top developer talent, and 3) established game franchises."

May also sees long-term opportunities, but sees potential risk in possible declining users and/or converting free users to paying users.

Several other firms initiated coverage on ZNGA today, including JPMorgan and Piper Jaffray, both at Overweight ratings. Goldman Sachs also initiated coverage at a Buy. BofA/Merrrill and Evercore placed Neutral/Equalweight ratings on the stock.

Since its IPO in late Dec. 2011, shares fell to about $8, but have since climbed back to over $9.60. The stock is trading flat on today's session.

To see more ratings on ZNGA, Click Here


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