Cowen Sees Glu Mobile (GLUU) Momentum Accelerating on Big 2nd-Half Slate

Cowen analyst Doug Creutz reiterated an Outperform rating and $10 price target on Glu Mobile (NASDAQ: GLUU) saying momentum is accelerating as a big 2nd-half slate approaches.

Creutz commented, "Based on our analysis of App Annie data, Glu appears to have enjoyed a significant lift in its revenue run-rate over the past few weeks. With older titles performing strongly and the company soon to begin shipping the bulk of its 2015 release slate, we think the likelihood of 2H upside has increased. Glu remains a high-conviction idea for us and we reiterate our $10 price target"

For an analyst ratings summary and ratings history on Glu Mobile click here. For more ratings news on Glu Mobile click here.

Shares of Glu Mobile closed at $6.13 yesterday.

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