Look for possible entry if the stock can close above the 100ma, stock has had a great 2019 but speculation around the name, hints at much higher gans on the basis of been a takeover target.
A very optimistic Fibonacci 1-2-2 extension target is $7.75.
Stephens praises Zynga (NASDAQ:ZNGA) as "well positioned for consolidation in the mobile gaming market."
The firm sees M&A potential as larger mobile studios purchase sub-scale players to drive growth.
Stephens maintains an Overweight rating and $8.25 price target on Zynga. The company has an Outperform average Sell Side rating.
Source seeking Alpha.
Zynga, Inc. provides social game services. It develops, markets and operates social games as live services played on mobile platforms such as Apple's iOS operating system and Google's Android operating system, and social networking sites such as Facebook. It offers Chess with Friends, Crazy Cake Swap, Draw Something, FarmVille, Gems with Friends, Ice Age: Arctic Blast, Looney Tunes Dash, Speed Guess Something, What's The Phrase, Wizard of Oz Magic Match, Yummy Gummy, Free Slots, Black Diamond Casino, Hit It Rich, Zynga Poker and Willy Wonka Slots. The company was founded by Mark Jonathan Pincus on April 19, 2007 and is headquartered in San Francisco, CA.
A very optimistic Fibonacci 1-2-2 extension target is $7.75.
Stephens praises Zynga (NASDAQ:ZNGA) as "well positioned for consolidation in the mobile gaming market."
The firm sees M&A potential as larger mobile studios purchase sub-scale players to drive growth.
Stephens maintains an Overweight rating and $8.25 price target on Zynga. The company has an Outperform average Sell Side rating.
Source seeking Alpha.
Zynga, Inc. provides social game services. It develops, markets and operates social games as live services played on mobile platforms such as Apple's iOS operating system and Google's Android operating system, and social networking sites such as Facebook. It offers Chess with Friends, Crazy Cake Swap, Draw Something, FarmVille, Gems with Friends, Ice Age: Arctic Blast, Looney Tunes Dash, Speed Guess Something, What's The Phrase, Wizard of Oz Magic Match, Yummy Gummy, Free Slots, Black Diamond Casino, Hit It Rich, Zynga Poker and Willy Wonka Slots. The company was founded by Mark Jonathan Pincus on April 19, 2007 and is headquartered in San Francisco, CA.
