ZNGA: TAKEOVER CHATTER, ZYNGA IS THE SUBJECT
ZNGA: IN TAKEOVER CHATTER, IT’S LOW PRICE MAKES IT EVEN MORE ATTRACTIVE.
UPSIDE BEYOND THE WEDBUSH TARGET.
WEDBUSH HAS SET ITS PRICE TARGET AT $4.65
DRIVE MARGIN EXPANSION, WHICH IS VERY POSITIVE
IN THE COMPANY’S RELATIVELY SHORT HISTORY, IT HAS DEVELOPED A BROAD PORTFOLIO OF GAMES
THE COMPANY ALSO POPS UP IN TAKEOVER CHATTER, AND THE LOW PRICE MAKES IT EVEN MORE ATTRACTIVE.
FOUR ADDITIONAL COMPANIES ON THE LIST MAKE GOOD SENSE FOR GROWTH STOCK INVESTORS … ALL ARE RATED OUTPERFORM AT WEDBUSH
WEDBUSH MAKES BIG CHANGES TO BEST IDEAS LIST FOR OCTOBER
BY LEE JACKSON OCTOBER 3, 2017 9:45 AM EDT
WITH THE THIRD-QUARTER EARNINGS REPORTS READY TO START ROLLING OUT FAST AND FURIOUS, MANY OF THE TOP ANALYSTS WE FOLLOW ON WALL STREET ARE MAKING SOME CHANGES TO THE LISTS OF THEIR HIGH-CONVICTION STOCK PICKS FOR CLIENTS.
With the market continuing to trade near all-time highs, it makes sense to examine the lists and make some changes as the rest of the year could have additional volatility as the political and world landscape looks to remain unsettled.
In a new research note, the analysts at Wedbush make a big move by swapping out a top biotech company and adding a financial short-sale idea. They noted this in the report:
We are removing Lexicon Pharmaceuticals Inc.(NASDAQ: LXRX) from Wedbush Best Idea List because recently, the main potential catalysts for 2017 have been announced and we do not see material announcements in the remainder of 2017, but look to 2018 for material U.S. regulatory catalysts. We are adding Capital One Financial (NYSE: COF) as an Underperform to the portfolio. We are not positioning the bank as an absolute “alpha-short”, but rather, our focus is its performance relative to its credit card peers and banks in the S&P 500 bank index.
FOUR ADDITIONAL COMPANIES ON THE LIST MAKE GOOD SENSE FOR GROWTH STOCK INVESTORS LOOKING FOR TOP FOURTH-QUARTER IDEAS. ALL ARE RATED OUTPERFORM AT WEDBUSH…
Activision Blizzard
This remains a top pick on Wall Street and Wedbush says to buy any dip now. Activision Blizzard Inc. (NASDAQ: ATVI…
Discover Financial Services
This top financial stock has very wide brand recognition. Discover Financial Services Inc. (NYSE: DFS)…
Royal Caribbean Cruises
This stock looks solid as many people continue to take expensive cruises. Royal Caribbean Cruises Ltd. (NYSE: RCL)…
ZYNGA
THIS VERY AGGRESSIVE TECH PLAY COULD HAVE UPSIDE BEYOND THE WEDBUSH TARGET. Zynga Inc. (NASDAQ: ZNGA) is a leading developer of mobile and social games. IN THE COMPANY’S RELATIVELY SHORT HISTORY, IT HAS DEVELOPED A BROAD PORTFOLIO OF GAMES THAT INCLUDES SEVERAL GAMES ON FACEBOOK AND SEVERAL TOP-GROSSING MOBILE APPS.
KEY FRANCHISES INCLUDE FARMVILLE, ZYNGA POKER, HIT IT RICH SLOTS AND WORDS WITH FRIENDS.
The company’s second-QUARTER RESULTS IN AUGUST WERE HIGHLIGHTED BY INCREASED DAILY ACTIVE USERS AND MONTHLY UNIQUE PAYERS ON STRONGER LIVE SERVICES ENGAGEMENT. WITH LIVE EVENTS GROWING revenues, cost cutting should drive margin expansion, which is very positive.
THE COMPANY ALSO POPS UP IN TAKEOVER CHATTER, AND THE LOW PRICE MAKES IT EVEN MORE ATTRACTIVE.
WEDBUSH HAS SET ITS PRICE TARGET AT $4.65. THE CONSENSUS TARGET IS $4.20, and shares closed most recently at $3.84.
These stocks from the Best Ideas List at Wedbush offer varying degrees of risk and upside. The fact that they are not crowded momentum plays makes them far more attractive for the rest of 2017 and into next year.
BY LEE JACKSON
Source:
247wallst.com/investing/2017/10/03/wedbush-makes-big-changes-to-best-ideas-list-for-october/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+247wallst_partners+%2824%2F7+Wall+St.+-+Syndication+Partners%29
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