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Fly News Breaks for June 2, 2017
ZNGA
Jun 2, 2017 | 08:23 EDT
Cowen analyst Doug Creutz hosted Zynga's CFO who reiterated guidance of 20% non-GAAP EBITDA margin in 2018 and a longer term goal of 30%+ margins. He said he continues to view Zynga as a compelling turnaround story. Creutz reiterated his Outperform rating and raised his price target to $4.25 from $3.50 on Zynga shares.
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