Zynga (ZNGA) : 10 analysts are covering Zynga (ZNGA) and their average rating on the stock is 2.4, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 2 more analyst has given the stock a Sell recommendation. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
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.
Company shares have received an average consensus rating of Hold for the current week Also, Cowen & Company upgrades their rating on the shares of Zynga (NASDAQ:ZNGA). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on August 3, 2016.
Zynga (NASDAQ:ZNGA): stock was range-bound between the intraday low of $2.73 and the intraday high of $2.8 after having opened at $2.79 on Wednesdays session. The stock finally closed in the red at $2.79, a loss of -0.72%. The stock remained in the red for the whole trading day. The total traded volume was 12,237,670 shares. The stock failed to cross $2.8 in Wednesdays trading. The stocks closing price on Thursday was $2.78.
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.