Friday, June 02, 2017 7:59:46 AM
ANALYSTS REPORTED THAT THE PRICE TARGET FOR ZYNGA, INC. MIGHT TOUCH $5
ZYNGA (ZNGA) PT RAISED TO $4.20 AT MIZUHO SECURITIES
JUNE 2, 2017 6:01 AM EDT
MIZUHO SECURITIES RAISED ITS PRICE TARGET ON ZYNGA (NASDAQ: ZNGA) TO $4.20 (FROM $3.50) WHILE MAINTAINING A BUY RATING.
ANALYST SAN PHAN COMES AWAY FROM A MEETING WITH MANAGEMENT MORE CONFIDENT IN ESTIMATES AND THE COMPANY'S ABILITY TO REACH/SURPASS EBITDA MARGINS of 20% in the coming 2 year period.
Source:
https://www.streetinsider.com/Analyst+Comments/Zynga+%28ZNGA%29+PT+Raised+to+%244.20+at+Mizuho+Securities/12972132.html
ZYNGA (ZNGA): RAISING PRICE TARGET AT TMT CONFERENCE - COWEN
June 2, 2017 6:34 AM EDT
COWEN ANALYST, DOUG CREUTZ. REITERATED HIS OUTPERFORM RATING ON SHARES OF ZYNGA (NASDAQ: ZNGA) AND RAISED HIS PRICE TARGET TO $4.25 AFTER THE CFO, GERARD GRIFFIN, SPOKE AT COWEN'S ANNUAL TMT CONFERENCE.
AT THE CONFERENCE, THE CFO REITERATED management's objective of further optimizing the current operating model of Zynga's mobile game portfolio. The analyst expects a mix of actual cost reductions in G&A and incremental leverage from more productive marketing and R&D spend as the company continues to reinvest in its live services and add new features to grow core game bookings. Gerard also reiterated management’s long-term target to reach a 30%+ non-GAAP EBITDA margin, though noting that reaching that level will require a meaningful expansion of bookings per day (whether through further growth in existing games or successful new launches).
The analyst didnt mention a catalyst for the upgrade but with the stock trading at his prior target, it appears that he chose to raise the PT rather than cut the rating. THE NEW PT OF $4.25 IS UP from $3.50.
For an analyst ratings summary and ratings history on Zynga click here. For more ratings news on Zynga click here.
Shares of Zynga closed at $3.58 yesterday.
Source:
https://www.streetinsider.com/Analyst+Comments/Zynga+%28ZNGA%29%3A+Raising+Price+Target+at+TMT+Conference+-+Cowen/12972352.html
ANALYSTS AT CANACCORD GENUITY GIVE ZYNGA (NASDAQ:ZNGA) AN UPGRADE
XAVIER TRUDEAU
JUIN 2, 2017
LLNW's SI was 491,900 shares in June as released by FINRA. Its up 0.72% from 488,400 shares previously. With 746,700 avg volume, 1 days are for Limelight Networks Incorporated (NASDAQ:LLNW)'s short sellers to cover LLNW's short positions. The SI to Materialise NV Ads's float is 0.32%. Materialise NV (ADR) (NASDAQ:MTLS) has risen 87.96% since May 30, 2016 and is uptrending. It has outperformed by 71.26% the S&P500.
Among 12 analysts covering Zynga (NASDAQ:ZNGA), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. ANALYSTS REPORTED THAT THE PRICE TARGET FOR ZYNGA, INC. MIGHT TOUCH $5 high while the Average Price Target and Low price Target is $3.51 and $3 respectively. The company presently has an average rating of "Buy" and an average price target of $3.71. Oxford Asset Mgmt has invested 0.1% in Zynga Inc (NASDAQ:ZNGA). The legal version of this report can be viewed at https://www.thestockobserver.com/2017/06/01/zyngas-znga-outperform-rating-reaffirmed-at-wedbush-updated.html. 7,998,194 shares of the company traded hands. PIPER JAFFRAY COMPANIES UPGRADED SHARES OF ZYNGA FROM A "NEUTRAL" RATING TO AN "OVERWEIGHT" RATING AND RAISED THEIR PRICE TARGET FOR THE COMPANY FROM $3.00 TO $4.00 IN A REPORT ON TUESDAY. Mizuho initiated the shares of ZNGA in report on Friday, December 23 with "Buy" rating.
Source:
campdesrecrues.com/2017/06/analysts-at-canaccord-genuity-give-zynga-nasdaq-znga-an/
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • POET • Mar 27, 2024 10:52 AM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM