Zynga PT Raised to $4.50 (ZNGA)
Analysts at Barclays boosted their price objective on shares of Zynga (NASDAQ:ZNGA) from $4.00 to $4.50 in a research report issued to clients and investors on Friday, Stock Ratings News reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price target indicates a potential upside of 26.40% from the stock’s previous close.
A number of other firms have also recently commented on ZNGA. Analysts at Evercore Partners raised their price target on shares of Zynga from $4.00 to $4.50 in a research note to investors on Friday. Separately, analysts at Telsey Advisory Group raised their price target on shares of Zynga from $4.00 to $6.00 in a research note to investors on Friday. They now have a “not rated” rating on the stock. Finally, analysts at Janney Montgomery Scott upgraded shares of Zynga from a “sell” rating to a “neutral” rating in a research note to investors on Friday. Five equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Zynga has an average rating of “Hold” and a consensus price target of $4.18.
Zynga (NASDAQ:ZNGA) traded up 18.54% on Friday, hitting $4.22. 58,129,532 shares of the company’s stock traded hands. Zynga has a one year low of $2.50 and a one year high of $4.55. The stock’s 50-day moving average is $3. and its 200-day moving average is $3.56. The company’s market cap is $3.442 billion.
Zynga (NASDAQ:ZNGA) last announced its earnings results on Thursday, January 30th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.01. The company had revenue of $176.36 million for the quarter, compared to the consensus estimate of $141.07 million. On average, analysts predict that Zynga will post $-0.06 earnings per share for the current fiscal year.
Zynga Inc (NASDAQ:ZNGA), is a provider of social game services with 240 million average monthly active users over 175 countries.
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