Zynga Inc (ZNGA)

[Trevor11]

ZNGA: INVESTORS,CHEER,ANALYST,COMMENTARY:GIBEAU,WILL,BRING,INVESTORS,BACK,A,RESPECTED"NATURAL,FIT,"




TALKMARKETS



ZYNGA RISES AS ANALYSTS, INVESTORS CHEER FORMER EA EXECUTIVE TAKING OVER AS CEO

By Staff of TheFly.com
Wednesday, March 2, 2016 12:20 PM EST



...ANALYST COMMENTARY: Overall analyst commentary was positive on Gibeau's appointment as CEO. Jefferies analyst Brian Pitz called Gibeau a "natural fit" to lead Zynga as the company looks to grow its mobile gaming business. Pitz, who has a Buy rating and $5 price target on the stock, noted that Gibeau is "one of the most respected" executives in the sector, noting that Zynga plans to launch 10 new games in 2016, which should provide upward pressure on user metrics. As these games are released, Pitz expects Zynga's financials to improve. Wedbush analyst Michael Pachter also noted Gibeau's "wealth of experience," adding that he will bring a "level of operational expertise" to Zynga "that has been missing since Mattrick's departure." Pachter, who maintained an Outperform rating and 12-month price target of $4.25, said Gibeau's appointment "makes a lot of sense" given his track record and that his appointment will bring investors back to Zynga shares...



Source:

www.talkmarkets.com/content/stocks--equities/zynga-rises-as-analysts-investors-cheer-former-ea-executive-taking-over-as-ceo?post=87487