Zynga (ZNGA) Posts non-GAAP Q4 EPS of 1c; Guides Q113
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Jefferies Keeps Hold on Zynga (ZNGA) Despite Solid Q4 'Beat'; PT to $3
February 6, 2013 11:30 AM ESTJefferies raised its price on Zynga (NASDAQ: ZNGA) from $2.50 to $3.00 following a solid Q4 beat after the close, but is keeping its Hold rating.
The firm comments, "It was a nice beat but we reaffirm our Hold as we remain on the... More
Evercore Partners Lifts PT on Zynga (ZNGA), Keeps Underweight
February 6, 2013 8:59 AM ESTEvercore Partners raised its price target on Zynga (NASDAQ: ZNGA) from $1.70 to $2.70 but maintained its Underweight rating following Q4 results.
On the quarter analyst Ken Sena comments, "4Q12 result was better than expected as Zynga reported bookings, revenue, and profitability all ahead of our projections (despite weak guidance). Bookings of $261mm were 21% ahead of our $216mm estimate. Revenues of $312mm,... More
