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Fly News Breaks for December 21, 2018
ZNGA
Dec 21, 2018 | 05:11 EDT
Piper Jaffray analyst Michael Olson says that in addition to the acquisition of Small Giant Games, Zynga last night provided a favorable upside for its Q4 bookings and EBITDA, Zynga is seeing stronger than expected performance of existing titles in Q4, Olson tells investors in a research note. The analyst believes the company's pipeline is building for 2019 and 2020 and he reiterates an Overweight rating on the shares with a $5 price target.
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