Jefferies Maintains a 'Hold' on Zynga (ZNGA); Executives Not Gamers Anymore

Jefferies maintains a 'Hold' on Zynga (NASDAQ: ZNGA) price target of $3.00.

Jefferies analyst said, "Two more high-level executives departed Zynga in recent days, continuing a trend that has persisted since March. While some turnover should be expected for a young company in Silicon Valley, the departures underscore our skepticism about ZNGA and its ability to address the challenges it faces as it pivots towards mobile and its in-house gaming platforms."

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 $2.82 yesterday.

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