Piper Jaffray analyst Michael Olson raised his price target for Glu Mobile to $11 saying the company reported "strong" Q4 results with bookings and adjusted EBITDA ahead of Street expectations. Its Q1 guidance came in below consensus, however, primarily due to Tap Sports Baseball seasonality, Olson tells investors in a research note. He believes Glu is positioned for a "favorable ongoing trajectory," with management reducing dependence on new and "celebrity" content, along with improving revenue visibility and cost containment. Further, the company has a "solid pipeline" of three new games that are expected to hit in May to August of 2019, says Olson. He maintains an Overweight rating on the shares.