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Thursday, 06/08/2017 9:24:02 PM

Thursday, June 08, 2017 9:24:02 PM

Post# of 10371
ZNGA: REACHES $3.77, UP AFTER HOURS, AS MORGAN STANLEY BOOSTED ZYNGA TO OVERWEIGHT







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