UPDATE - Canaccord Genuity Initiates Coverage on Glu Mobile (GLUU) with a Buy; Mobile Gaming Pure-Play
Tweet
Share
E-mailGet Alerts GLUU Hot Sheet
Price: $12.50 --0%
Rating Summary:
4 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 50
Rating Summary:
4 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 50
Join SI Premium – FREE
UPDATE - Canaccord Genuity initiates coverage on Glu Mobile (Nasdaq: GLUU) with a Buy rating. PT $7.
Analyst, Michael Graham, said, "Glu Mobile offers pure-play exposure to mobile gaming and smartphone growth. In addition, the company is early in executing on a compelling strategy change, with much of the heavy lifting already done. Finally, we believe the valuation is quite attractive relative to most comparables...Glu trades at less than 2x next year’s projected revenue (40% of Zynga’s (Nasdaq: ZNGA) 5x). Our $7.00 price target is based on 30x our 2014 EPS estimate of $0.33, discounted to present at a rate of 12.8%. "
To see more ratings on GLUUX, Click Here
Analyst, Michael Graham, said, "Glu Mobile offers pure-play exposure to mobile gaming and smartphone growth. In addition, the company is early in executing on a compelling strategy change, with much of the heavy lifting already done. Finally, we believe the valuation is quite attractive relative to most comparables...Glu trades at less than 2x next year’s projected revenue (40% of Zynga’s (Nasdaq: ZNGA) 5x). Our $7.00 price target is based on 30x our 2014 EPS estimate of $0.33, discounted to present at a rate of 12.8%. "
To see more ratings on GLUUX, Click Here
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Evercore ISI starts 'accelerating AI play' AMD (AMD) at Outperform
- William Blair Starts On Holding AG (ONON) at Outperform, 'e see a path to three-year revenue growth above 25%'
- Leerink Partners Starts AnaptysBio (ANAB) at Outperform
Create E-mail Alert Related Categories
New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
