Piper Jaffray Starts Zynga (ZNGA) at Overweight, Sets $11 Price Target

January 9, 2012 5:43 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: 14 | New: 11
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Piper Jaffray's Michael Olson initiated coverage on shares of Zynga (NASDAQ: ZNGA) with an Overweight rating and $11 price target Monday afternoon.

The stock closed 9 percent lower to $8 even this afternoon. Olson's new price target implies potential upside of a whopping 37.5 percent from where the stock is currently trading.

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


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