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Zynga (NASDAQ: ZNGA) received a number of ratings updates from brokerages and research firms in the last week:

  • Zynga had its price target lowered by analysts at Barclays from $5.00 to $3.00.
  • Zynga had its price target lowered by analysts at Goldman Sachs to $3.00.
  • Zynga had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $4.00 price target on the stock, down previously from $5.00.
  • Zynga had its price target lowered by analysts at BMO Capital Markets from $4.50 to $3.25.
  • Zynga had its price target lowered by analysts at Piper Jaffray from $4.50 to $3.00.
  • Zynga had its “underperform” rating reaffirmed by analysts at Credit Suisse. They now have a $3.50 price target on the stock, down previously from $4.00. They wrote, “Q2 bookings and EPS were at the low end of guidance, reflecting delays. Bookings were $175 million, vs. our estimate of $195 million, consensus of $191 million, and guidance of $175 – 195 million. Non-GAAP EPS was $0.00, vs. our estimate of $0.01, consensus of $0.00, and guidance of $0.00 – 0.01. Core titles appeared to perform well, but no new major games launched, apart from FarmVille 2 on mobile. We believe guidance contemplated another release late in Q2.”
  • Zynga had its price target lowered by analysts at Macquarie from $4.00 to $3.00. They now have a “neutral” rating on the stock.
  • Zynga had its price target lowered by analysts at Jefferies Group from $5.00 to $4.50.
  • Zynga had its price target lowered by analysts at Wedbush from $7.00 to $6.00.
  • Zynga was upgraded by analysts at Zacks from a “neutral” rating to an “outperform” rating. They now have a $3.10 price target on the stock.
  • Zynga had its price target lowered by analysts at Benchmark Co. from $3.08 to $2.83.
  • Zynga had its price target lowered by analysts at Telsey Advisory Group from $6.00 to $5.00. They now have a “not rated” rating on the stock.

Zynga Inc (NASDAQ:ZNGA) opened at 2.91 on Monday. Zynga Inc has a one year low of $2.70 and a one year high of $5.89. The stock has a 50-day moving average of $3.01 and a 200-day moving average of $3.87. The company’s market cap is $2.607 billion.

Zynga Inc (NASDAQ:ZNGA) is the provider of social game services.

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