Valuewalk.com
0
All posts from Valuewalk.com
Valuewalk.com in Valuewalk.com,

Despite Earnings Beat, Analysts Are Mixed On Zynga Inc

Zynga Inc (NASDAQ:ZNGA) surprised the analysts and investors by beating second-quarter earnings expectations when it announced its report card last week. However, despite the impressive showing, analysts have a mixed opinion on the gaming firm.

Zynga logo

Some improvement, but will it be enough?

In a note last week, Credit Suisse Group AG (ADR) (NYSE:CS) analyst Stephen Ju lauded the firms improved monetization efforts, but has set an Underperform rating on Zynga with a price target of $2.94. In contrast, Wedbush analyst Michael Pachter sees “a light at the end of the tunnel” for Zynga.

Pachter has an Outperform rating on the game maker with a price target of $6. In a note issued on August 7, Pachter said he expect the player metrics to “stabilize by...


More