Zynga (ZNGA) volatility elevated; shares near record low into Goldman reiterating Buy rating

June 15, 2012 8:13 AM EDT
Zynga (Nasdaq: ZNGA) overall implied volatility of 84 is above its 24-week average of 68 according to Track Data, suggesting larger price movement into Goldman Sachs has a Buy rating and lowered its price target to $13 from $15 and says Zynga’s risk/reward is attractive and that Q2 earnings and product announcements should be positive catalysts.

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