Zynga Inc (ZNGA)

[Trevor11]

ZNGA: UNDER $10 WITH MASSIVE UPSIDE, (AUGUST 7, 2016, 10:45 AM)





BY YEAR-END WE BELIEVE USER METRICS (WHICH HAVE MOSTLY STABILIZED) COULD BEGIN TO INFLECT UPWARDS FOR THE FIRST TIME IN YEARS.




6 ANALYST STOCKS UNDER $10 WITH MASSIVE UPSIDE CALLS

BY JON C. OGG AUGUST 7, 2016 10:45 AM EDT




Zynga Inc. (NASDAQ: ZNGA) managed to close down 6.7% at $2.77 on Friday after its earnings report. The report seemed better on the surface, but the revenue forecast was the drag here. JEFFERIES REITERATED ITS BUY RATING AFTER THE NEWS, AND THEY ALSO REITERATED A $5 PRICE TARGET ON AUGUST 5. THE FIRM NOTED THAT IT WAS A SOLID QUARTER AND THAT THE OUTLOOK SEEMED OVERLY CONSERVATIVE. JEFFERIES SAID:

BY YEAR-END WE BELIEVE USER METRICS (WHICH HAVE MOSTLY STABILIZED) COULD BEGIN TO INFLECT UPWARDS FOR THE FIRST TIME IN YEARS. WE NOTE ZYNGA DOES NOT NEED A BREAKOUT HIT TO DRIVE GROWTH AND PROFITABILITY AND WE CONTINUE TO THINK THE RISK/REWARD LOOKS ATTRACTIVE AT THESE LEVELS ESPECIALLY WITH $1.25 PER SHARE IN CASH, INVESTMENTS, AND REAL ESTATE.
Zynga’s 52-week range is $1.78 to $3.02. Its consensus price target is $3.00, and its market cap is $2.4 billion.


Source:

http://247wallst.com/investing/2016/08/07/6-analyst-stocks-under-10-with-massive-upside-calls/