Zynga last night reported Q3 bookings below and adjusted EBITDA above consensus, with Q4 bookings and adjusted EBITDA guidance both below expectations, Piper Jaffray analyst Michael Olson tells investors in a post-earnings research note. Further, the company provided more clarity on its pipeline, including a Wonka match-3 game out this week, and a new Harry Potter title and Game of Thrones title in the second half of 2019, says Olson. He reiterates an Overweight rating on Zynga with a $5 price target. The analyst views the quarter as "mixed" but feels Zynga's pipeline is building for 2019 and 2020.