Zynga (ZNGA) : The consensus on Zynga (ZNGA) based on 12 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Zynga (ZNGA).
Zynga (ZNGA) : The consensus price target for Zynga (ZNGA) is $3.16 for the short term with a standard deviation of $0.83. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $5, however, the pessimist price target for the company is $3.
Company shares have received an average consensus rating of Hold for the current week
Zynga (NASDAQ:ZNGA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.93 and $2.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.96, notching a gain of 3.86% for the day. The total traded volume was 21,178,282 . The stock had closed at $2.85 on the previous day.
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.