Wedbush Starts Zynga (ZNGA) at Outperform; Dominant Market Share, Revenue and Earnings Growth Are Compelling
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Price: $2.89 +0.70%
Rating Summary:
3 Buy, 20 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
3 Buy, 20 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade ZNGA Now!
Wedbush initiates coverage on Zynga (NASDAQ: ZNGA) with a Outperform. PT $12.50.
Wedbush analyst says, "We believe Zynga is well-positioned for revenue growth due to its dominant market share among social game publishers, its track record of releasing very popular and durable games of the highest quality, and its myriad opportunities to expand beyond Facebook with its increased focus on advertising and the migration of its social games to mobile platforms."
Wedbush sees FY11 EPS of $0.06 (consensus is $0.16) and FY12 of $0.18 (consensus is $0.17)
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 $9.05 yesterday, with a 52 week range of $8.75-$11.50.
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Wedbush analyst says, "We believe Zynga is well-positioned for revenue growth due to its dominant market share among social game publishers, its track record of releasing very popular and durable games of the highest quality, and its myriad opportunities to expand beyond Facebook with its increased focus on advertising and the migration of its social games to mobile platforms."
Wedbush sees FY11 EPS of $0.06 (consensus is $0.16) and FY12 of $0.18 (consensus is $0.17)
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 $9.05 yesterday, with a 52 week range of $8.75-$11.50.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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