Zynga Inc (ZNGA)

[Trevor11]

ZNGA: WORTH MORE, REBIRTH / REAWAKENING, GAMES LOOK ATTRACTIVE, SAYS GOLDMAN SACHS








BULLISH AS THEY SUGGEST ZNGA IS WORTH $0.5 MORE, GIVING A TARGET PRICE OF $4.18 A SHARE.

SHARES OF VIDEO GAME MAKERS GOT A BOOST FRIDAY, AFTER GOLDMAN SACHS SAID THE SECTOR WAS ENTERING THE "
DAYS OF GAMING'S DIGITAL AGE."

ANALYSTS AT GOLDMAN SACHS BEGAN COVERAGE OF THE VIDEO GAME SECTOR WITH AN ATTRACTIVE VIEW, SAYING PUBLISHERS ARE "IN THE MIDST OF A RENAISSANCE."

DIGITAL REVENUE WILL ALSO RISE FROM 59 PERCENT OF TOTAL REVENUE IN 2016 TO 80 PERCENT




Renaissance | Define Renaissance at Dictionary.com
www.dictionary.com/browse/renaissance

RENAISSANCE DEFINITION. The cultural rebirth that occurred in Europe from roughly the fourteenth through the middle of the seventeenth centuries, based on the rediscovery of the literature of Greece and Rome. ... RENAISSANCE MEANS “REBIRTH” OR “REAWAKENING.”





OTHER INITIATIONS
Activision Blizzard, Inc. ATVI 2.11%: Neutral rating, $65 price target.
ZYNGA INC ZNGA 1.09%: NEUTRAL, $3.90.
Europe-listed Ubisoft Entertainment SA (EPA: UBI) with a Neutral rating and 63 euro price target.



INITIATIONS DEFINITION:
THE ACTION OF BEGINNING SOMETHING.
ADMIT, INDUCT, INSTALL, INCORPORATE, ENLIST, ENROLL, RECRUIT, SIGN UP, SWEAR IN; ORDAIN, INVEST


Source:
https://www.google.com/search?q=initiations+definition&oq=initations+def&gs_l=psy-ab.1.0.0i22i10i30k1l2.2496.3271.0.5872.4.4.0.0.0.0.398.779.3-2.2.0....0...1.1.64.psy-ab..2.2.777...0i10k1.jiL1E9xq9_I









Video game makers are in 'midst of a RENAISSANCE,' GOLDMAN SAYS
PUBLISHED: SEPT 8, 2017 9:52 A.M. ET

BY
TOMIKILGORE

Reporter and editor

SHARES OF VIDEO GAME MAKERS GOT A BOOST FRIDAY, AFTER GOLDMAN SACHS SAID THE SECTOR WAS ENTERING THE "
DAYS OF GAMING'S DIGITAL AGE."
ANALYST CHRISTOPHER MERWIN STARTED COVERAGE OF THE SECTOR WITH AN ATTRACTIVE RATING: "THE VIDEO GAME PUBLISHERS ARE IN THE MIDST OF A RENAISSANCE, as they TRANSITION TO MORE PREDICTABLE, HIGHER-MARGIN, CASH-GENERATIVE GROWTH STORIES," MERWIN WROTE IN A NOTE TO CLIENTS.

"The digital shift could add up to 5 [percentage] points of margin in the next 3 years." Electronics Arts Inc. EA, +1.56% was Merwin's favorite of the sector, as he initiated the stock with a buy rating and price target of $136, and added it to Goldman's Americas conviction list. He also started Take-Two Interactive Software Inc. TTWO, +0.32% at buy with a $118 stock price target, Activision Blizzard Inc. ATVI, +1.10% at neutral with a $65 price target[AND ZYNGA INC. ZNGA, +0.41% at neutral with a $3.90 price target. Shares of Electronic Arts slipped 0.1% in morning trade, while Take-Two edged up 0.1%, Activision eased 0.8% and ZYNGA GAINED 1.1%. FOR CONTEXT, THE S&P 500 SPX, +0.83% ticked down 0.1%.

Source:

www.marketwatch.com/story/video-game-makers-are-in-midst-of-a-renaissance-goldman-says-2017-09-08






GAME NAMES LOOKING ATTRACTIVE; Goldman Likes EA And Take-Two Interactive
Jayson Derrick , Benzinga Staff Writer
September 08, 2017 3:35pm Comments

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ANALYSTS AT GOLDMAN SACHS BEGAN COVERAGE OF THE VIDEO GAME SECTOR WITH AN ATTRACTIVE VIEW, saying publishers are "in the midst of a renaissance."
VIDEO GAME PUBLISHERS ARE IN THE PROCESS OF SHIFTING THEMSELVES TO BECOME A MORE PREDICTABLE, HIGHER MARGIN AND CASH-GENERATIVE STORY, GOLDMAN SACHS' CHRISTOPHER MERWIN COMMENTED IN HIS INITIATION NOTE. IN FACT, THIS TRANSITION STORY IS STILL IN THE MIDDLE STAGES AND WILL BE SUPPORTED OVER TIME THROUGH GREATER PLAYER ENGAGEMENT, a shift to digital monetization and platform diversification.
ON AVERAGE, VIDEO GAME PUBLISHERS COULD see their levels of full game DOWNLOADS TO RISE FROM 22 PERCENT IN 2016 TO 42 PERCENT IN 2019, the analyst continued. On average, DIGITAL REVENUE WILL ALSO RISE FROM 59 PERCENT OF TOTAL REVENUE IN 2016 TO 80 PERCENT IN 2019.
Related Link:2 Out Of 3 Households Are Home To A 'Gamer,' But It May Not Be The Family Member You Expect
Electronic Arts
Merwin initiated coverage of Electronic Arts Inc. EA 1.95% with a Buy rating and $136 price target. The stock was also added the stock to Goldman Sachs' "Americas Conviction List."
EA's stock has lagged some of its peers as of late yet but the company is close to a positive revision cycle starting in fiscal 2018 and continuing through at least fiscal 2019 at which point its earnings growth will reaccelerate to 22 percent or higher.
EA boasts a stronger product slate compared to its peers and should soon see the benefit of in-game monetization for its first-person shooter and action games which could add at least $1.50 in earnings per share in the coming years, the analyst noted.
Take-Two Interactive
Merwin initiated coverage of Take Two Interactive Software Inc TTWO 1.58% with a Buy rating and $118 price target.
Take-Two is about to enter a "sweet spot" of game releases, which is expected to result in positive earnings revisions, the analyst noted. Of particular note, the company is investing in new content for its popular "Grand Theft Auto" franchise and simultaneously monetizing "Red Dead."
The company is also sitting on $1.3 billion in cash, which represents 11 percent of its market cap and can be allocated toward accretive acquisitions or buying back its own stock.


OTHER INITIATIONS
• Activision Blizzard, Inc. ATVI 2.11%: Neutral rating, $65 price target.
• ZYNGA INC ZNGA 1.09%: NEUTRAL, $3.90.
• Europe-listed Ubisoft Entertainment SA (EPA: UBI) with a Neutral rating and 63 euro price target.


Source:

https://www.benzinga.com/analyst-ratings/analyst-color/17/09/10034412/game-names-looking-attractive-goldman-likes-ea-and-take






Changes in Signals Identified: Dominion Energy, Inc. (D), Zynga Inc. (ZNGA)
September 11, 2017

…Zynga Inc. (NASDAQ:ZNGA) has accumulated 0.6% over the course of one week. It seems that Zynga Inc. (NASDAQ:ZNGA) might see muted action given an ABR of 2.6 or Hold rating. Analysts, on average, seem BULLISH AS THEY SUGGEST ZNGA IS WORTH $0.5 MORE, GIVING A TARGET PRICE OF $4.18 A SHARE. D share have rallied by 3.46% in percentage terms since the start of the year – and added 1.8% in the last month. Volume in the last session has increased compared with D’s average trading volume. WE THINK THE INCREASED VOLUME IS REPRESENTATIVE OF BUYERS as it has displayed in many other cases.

Source:

https://www.allstocknews.com/2017/09/11/changes-in-signals-identified-dominion-energy-inc-d-zynga-inc-znga/