Glu Mobile PT Raised to $6.00 (GLUU)
Investment analysts at Stifel Nicolaus lifted their price objective on shares of Glu Mobile (NASDAQ:GLUU) from $4.00 to $6.00 in a note issued to investors on Thursday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 55.04% from the company’s current price.
Glu Mobile (NASDAQ:GLUU) opened at 4.77 on Thursday. Glu Mobile has a 52 week low of $2.02 and a 52 week high of $4.39. The stock’s 50-day moving average is $3.93 and its 200-day moving average is $3.16. The company’s market cap is $371.9 million.
Glu Mobile (NASDAQ:GLUU) last released its earnings data on Tuesday, February 4th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.08. The company had revenue of $42.80 million for the quarter, compared to the consensus estimate of $32.20 million. During the same quarter last year, the company posted ($0.05) earnings per share. Glu Mobile’s revenue was up 32.3% compared to the same quarter last year. Analysts expect that Glu Mobile will post $-0.05 EPS for the current fiscal year.
A number of other firms have also recently commented on GLUU. Analysts at Piper Jaffray upgraded shares of Glu Mobile from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday. Separately, analysts at Canaccord Genuity raised their price target on shares of Glu Mobile from $4.25 to $5.00 in a research note to investors on Wednesday, January 15th. They now have a “buy” rating on the stock. Finally, analysts at Roth Capital initiated coverage on shares of Glu Mobile in a research note to investors on Wednesday, January 8th. They set a “buy” rating and a $5.00 price target on the stock. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Glu Mobile currently has a consensus rating of “Buy” and an average price target of $4.56.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
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