Zynga (ZNGA) Reports In-Line Q2 EPS, Lowers Guidance

Zynga (ZNGA) Pares Losses

Zynga (NASDAQ: ZNGA) gained heading into the close of trading Friday, nearly erasing heavy losses from early in the session.

Zynga (ZNGA) Price Target Reduced to $3 at Goldman Sachs

Goldman Sachs maintained a Neutral rating on Zynga (NASDAQ: ZNGA) and lowered its price target to $3.00 (from $4.00).

Analyst Heath P. Terry said, "Zynga reported 2Q gross bookings of $175mn (-7% yoy vs. -30% in 1Q),... More

Zynga (ZNGA) PT Cut to $3 at Piper Jaffray

Piper Jaffray analyst Michael Olson reiterated a Neutral rating on Zynga (NASDAQ: ZNGA) and lowered his price target to $3.00 (from $4.50) following Q2 bookings and EBITDA below expectations and lowered FY guidance.

"The primary reason behind the miss and lowered guidance was the delay of... More

Zynga (ZNGA) PT Cut at Benchmark Post Q2

Benchmark analyst Mike Hickey reiterated a Hold rating and cut his price target on Zynga (NASDAQ: ZNGA) to $2.83 (from $3.08) following weak Q2 results and outlook.

Hickey commented, "We view the Company's return profile as neutral; benefiting from a meaningful valuation contraction (up 7.4% from 52... More

Zynga (ZNGA) PT Cut to $3 at Macquarie

Macquarie analyst Ben Schachter reiterated a Neutral rating and lowered his price target on Zynga (NASDAQ: ZNGA) to $3.00 (from $4.00) following 2Q results which showed bookings and adj. EBITDA were 7% & 25% below the firm's estimates, respectively.

Schachter commented, "ZNGA still believes that it can... More

Wedbush Comments on Zynga (ZNGA) Following Q2 Results

Wedbush maintained an Outperform rating on Zynga (NASDAQ: ZNGA) with a modified price target of $6.00 (from $7.00). Analyst Michael Pachter said FY bookings guidance appears reasonable.

"Over the first half of the year, Zynga has generated $336 million in bookings, and its Q2 performance puts it at a run rate of $686 million. We believe that... More