Thursday, June 08, 2017 9:24:02 PM
ZNGA: REACHES $3.77, UP AFTER HOURS
Source:
http://www.nasdaq.com/symbol/znga/after-hours
PRICE TARGET OF $4.50, UP FROM A PREVIOUS...A 25.6% UPSIDE
THE BEGINNING OF A STRONGER BUSINESS MODEL AND A MULTI-YEAR TURNAROUND
ZYNGA +2.5% AS MORGAN STANLEY BUMPS TO OVERWEIGHT
JUN. 8, 2017 4:45 PM ET|ABOUT: ZYNGA (ZNGA)|BY: JASON AYCOCK, SA NEWS EDITOR
ZYNGA (NASDAQ:ZNGA) IS MOVING UP AFTER HOURS, +2.5%, AS MORGAN STANLEY HAS BOOSTED ITS RATING TO OVERWEIGHT.
THE COMPANY'S SEEING INCREASED ENGAGEMENT AND MONETIZATION FROM IN-GAME SALES, SAYS ANALYST BRIAN NOWAK -- first in poker, but the success should spread through its other genres, including slots and Farmville.
THAT SIGNALS THE BEGINNING OF A STRONGER BUSINESS MODEL AND A MULTI-YEAR TURNAROUND, HE WRITES.
NOWAK HAS A PRICE TARGET OF $4.50, UP FROM A PREVIOUS $3 (AND IMPLYING 25.6% UPSIDE FROM TODAY'S CLOSE). (H/T BLOOMBERG)
Source:
https://seekingalpha.com/news/3272501-zynga-plus-2_5-percent-morgan-stanley-bumps-overweight
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