UPDATE: Zynga (ZNGA) Reports In-Line Q3 EPS, Offers Guidance
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November 10, 2014 7:55 AM EST
Benchmark analyst Mike Hickey reiterated a Hold rating and lowered his price target on Zynga (NASDAQ: ZNGA) to $2.45 (from $2.54) following Q2 results.
Hickey commented, "We view the Companys return profile as neutral; benefiting from a meaningful valuation contraction (up 10.5% from 52 week... More
November 7, 2014 11:13 AM EST
Credit Suisse maintained an Underperform rating on Zynga (NASDAQ: ZNGA) with a modified price target of $3.42 (from $3.44). Comments follow Q3 results.
Analyst Stephen Ju said, "Zynga delivered an in-line quarter on the top and bottom line. Online game bookings were short of our... More
November 7, 2014 9:15 AM EST
Sterne Agee analyst Arvind Bhatia reiterated a Neutral rating Zynga (NASDAQ: ZNGA) following Q3 results.
Bhatia commented, "Zyngas transition from a web-centric gaming company to a mobile-focused company continues; mobile bookings represented 55% of the mix (up from 50% last quarter) and saw a... More
November 7, 2014 6:28 AM EST
Needham & Company upgraded Zynga (NASDAQ: ZNGA) from Hold to Buy with a price target of $3.25 following Q3 results which featured encouraging metrics.
Analyst Sean McGowan comments, "ZNGA reported 3Q results that at first looked essentially inline or slightly better than our estimates... More
