Glu Mobile (GLUU) PT Raised to $10 at Benchmark

April 23, 2020 9:13 AM EDT
Get Alerts GLUU Hot Sheet
Price: $12.50 --0%

Rating Summary:
    6 Buy, 14 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 13 | New: 31
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Benchmark analyst Mike Hickey raised the price target on Glu Mobile (NASDAQ: GLUU) to $10.00 (from $9.00) while maintaining a Buy rating.

The analyst commented, "We anticipate GLUU will deliver a solid F1Q20 release; games in channel have been performing strong, offset somewhat by what appears to be potential weakness in TSB 2020 (MLB delayed start). We are optimistic a compelling in-home entertainment trend will benefit GLUU’s game portfolio including growth games Design Home, Covet Fashion, catalog games including Kim Kardashian: Hollywood and new games including Disney Sorcerer’s Arena. We expect GLUU to become more active in the M&A market, where they have a solid track record of driving accretive deals. GLUU ended F4Q19 with $127M in cash and $33M in FCF."

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