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