Zynga (ZNGA) Receives Price Target

Zynga (ZNGA) : 9 investment research analysts covering Zynga (ZNGA) have an average price target of $3.32 for the near short term. The highest target price given by the Brokerage Firm to the stock is $5 and the lowest target is $3 for the short term. Analysts expect the variance to be within $0.83 of the average price.

Zynga (ZNGA) : Zacks Investment Research ranks Zynga (ZNGA) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 2 Sell recommendation. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.4, which indicates as a Buy.


Also, In the latest statement by the brokerage house, Cowen & Company upgrades its outlook on Zynga (NASDAQ:ZNGA). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Market Perform. The rating by the firm was issued on August 3, 2016.

Zynga (NASDAQ:ZNGA): The stock opened at $2.75 on Thursday but the bulls could not build on the opening and the stock topped out at $2.75 for the day. The stock traded down to $2.67 during the day, due to lack of any buying support eventually closed down at $2.68 with a loss of -1.83% for the day. The stock had closed at $2.73 on the previous day. The total traded volume was 7,890,719 shares.

Zynga Inc. (Zynga) is a provider of social game services. The Company develops markets and operates social games as live services played on mobile platforms, such as iOS and Android, and social networking sites, such as Facebook. The Companys games are also accessible on Zynga.com. The Company has developed online social games, such as FarmVille, Words With Friends, Zynga Poker, Hit It Rich! Slots and CSR Racing. The Company is also engaged in the sale of virtual currency that players use to buy in-game virtual goods, and mobile games. It also offers advertising services, such as Branded Virtual Goods and Sponsorships, Engagement Ads and Offers, Mobile Ads, Display Ads and Licensing of Companys brands.

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