Thursday, May 10, 2018 2:08:08 PM
Zynga
If you're looking for a cheap stock to buy with big upside potential, check out video game developer Zynga (ZNGA - Get Report) . The company is behind such classics as FarmVille and Zynga Poker and is currently trading at just $3.72.
Cowen & Co analyst Doug Creutz sees Zynga as a compelling investing opportunity right now. He called Zynga a 'best idea' for 2018 with an attractive valuation. He notes the company's steady progress towards its EBITDA (earnings before interest, taxes, depreciation and amortization) margin target and the strong mobile gaming market growth. Furthermore, Creutz pinpoints the unveiling and launch of the company's pipeline in 2H18 as an upcoming catalyst for prices.
A 'Strong Buy' stock, Zynga boasts 4 recent buy ratings vs 1 sell rating in the last three months. From the current share price, analysts (on average) anticipate the stock rising 23% to hit $4.57.
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