Zynga (ZNGA) Has Upside Potential of $3, Downside Risk of Only $1
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Price: $8.18 --0%
Rating Summary:
15 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
15 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Zynga (Nasdaq: ZNGA) has a compelling risk/reward, in the view of analysts at Susquehanna. Based on their analysis, a turnaround could add $3 to the share price, while downside risk is only $1.
ZNGA has hard assets of $1.45 billion, which gives it a $1.88 'cushion', said analyst Joseph Stauff.
Shares of Zynga have moved higher recently on news several state are seeking to legalize online gambling. It's shares are significantly lower compared to its $10 IPO price.
Zynga is unrated by Susquehanna.
ZNGA has hard assets of $1.45 billion, which gives it a $1.88 'cushion', said analyst Joseph Stauff.
Shares of Zynga have moved higher recently on news several state are seeking to legalize online gambling. It's shares are significantly lower compared to its $10 IPO price.
Zynga is unrated by Susquehanna.
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