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ZNGA

Zynga

$3.75

0.01 (0.27%)

, DIS

Disney

$112.38

0.39 (0.35%)

17:30
08/21/18
08/21
17:30
08/21/18
17:30

Zynga reaches multi-year pact with Disney to developy mobile 'Star Wars' game

Zynga (ZNGA) announced a multi-year licensing agreement with Disney (DIS) to develop and publish a new mobile game, with the option for a second game, that "brings to life the universe of 'Star Wars' for players around the world." As a part of the agreement, Zynga will also assume operation of the live service of "Star Wars : Commander," a free-to-play real-time strategy game developed by Disney that was launched in 2014.

ZNGA

Zynga

$3.75

0.01 (0.27%)

DIS

Disney

$112.38

0.39 (0.35%)

  • 06

    Sep

ZNGA Zynga
$3.75

0.01 (0.27%)

05/31/18
BNCH
05/31/18
NO CHANGE
Target $5
BNCH
Buy
Zynga price target raised to $5 after Gram Games deal at Benchmark
Benchmark analyst Mike Hickey raised his price target on Zynga to $5 from $4.36 and reiterated his Buy rating after the company announced the acquisition of mobile game developer Gram Games. He contends the "swimmingly boring" deal should drive considerable EBITDA growth while leveraging Zynga's strength in established genres. Hickey also believes this and other potential M&A along with new game launches should help drive bookings growth and continued EBITDA acceleration.
08/01/18
BARD
08/01/18
NO CHANGE
Target $4
BARD
Neutral
Zynga Q2 results roughly in line, says Baird
Baird analyst Colin Sebastian kept his Neutral rating and $4 price target on Zynga after its Q2 results. The analyst notes that the 12% rise in bookings to $233.9M was above consensus of $230.4M thanks to continued growth in Mobile, while adjusted EBITDA of $43.6M was above consensus of about $40M. Sebastian adds that Zynga's "mobile momentum of forever franchises continues to increase, while cost efficiencies drive significant margin improvements" for the company.
08/09/18
LEHM
08/09/18
INITIATION
Target $3.7
LEHM
Underweight
Barclays starts Zynga with Underweight rating, $3.70 price target
Barclays analyst Ryan Gee initiated coverage of Zynga with an Underweight rating and $3.70 price target. At 13 times 2019 EBITDA expectations, the stock already reflects solid future execution, Gee tells investors in a research note. He believes that for Zynga to sustain its "premium" multiple, the company must further close the "wide margin gap" relative to peers by accelerating bookings or greatly rationalizing operating expenditures. Much of the "easy" work to grow margins has already happened, Gee contends. He sees more upside elsewhere in the Internet/Gaming group.
08/09/18
08/09/18
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Pacific Biosciences (PACB) initiated with an Overweight at Cantor Fitzgerald by analyst Jordan Abrams, who thinks Pacific's long-read next generation sequencing platform is the industry standard for deep genomic analysis in human, plant, and animal genomes, as well as RNA. 2. Heico (HEI) initiated with a Neutral at Baird. 3. Zynga (ZNGA) initiated with an Underweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
DIS Disney
$112.38

0.39 (0.35%)

07/17/18
RHCO
07/17/18
NO CHANGE
Target $415
RHCO
Hold
Netflix facing risks of increasing competition, says SunTrust
SunTrust analyst Matthew Thornton keeps his Hold rating and $415 price target on Netflix (NFLX) after its Q2 subscriber growth miss while discussing some of the key risks faced by the company. The analyst notes that Netflix could struggle with raising its monthly rates in the environment increasing competition, as Disney (DIS) prepares to launch its own subscription video on demand, SVOD, service in 2019 amid the proliferation of bundles that also include high-demand live sports. Thornton further notes that given a bigger HBO budget under AT&T (T) and the launch/bundling of more video content at Apple (AAPL), the ability of Netflix to raise rates may be more challenging than in recent years.
07/20/18
UBSW
07/20/18
DOWNGRADE
Target $50
UBSW
Neutral
21st Century Fox downgraded to Neutral from Buy at UBS
UBS analyst John Hodulik downgraded 21st Century Fox (FOXA) after Comcast (CMCSA) conceded to Disney (DIS) regarding an acquisition. Hodulik raised his price target to $50 from $48 on 21st Century Fox shares.
08/08/18
JEFF
08/08/18
NO CHANGE
Target $112
JEFF
Hold
Disney quarter better than headlines suggest, says Jefferies
Jefferies analyst John Janedis says that while not as good as hoped, Disney's Q3 results are better than the headlines suggest. The he narrative around direct-to-consumer remains positive even with the launch still over 12 months away, Janedis tells investors in a research note. He believes there was probably enough in the quarter to keep Disney shares from moving meaningfully lower. However, the analyst does not expect upwards earnings revisions in the near-term. Janedis keeps a Hold rating on Disney with a $112 price target.
08/08/18
BMOC
08/08/18
NO CHANGE
Target $110
BMOC
Market Perform
Disney price target raised to $110 from $100 at BMO Capital
BMO Capital analyst Daniel Salmon raised his price target on Disney (DIS) to $110 after its Q3 results, saying the company offered some positive updates on its direct-to-consumer products which "could be bundled together eventually". The analyst adds that the stock could continue to drift higher if its 21st Century Fox (FOXA) deal remains on track, but prefers a neutral stance, citing the halted buyback program and potential volatility in the TV/film licensing revenue. Salmon also believes that Disney's Consumer Licensing and Retail segments face headwinds.

TODAY'S FREE FLY STORIES

CCS

Century Communities

$20.31

-0.18 (-0.88%)

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  • 07

    Feb

GOGO

Gogo

$3.84

0.01 (0.26%)

12:33
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Periodicals
Gogo operational structure set to change, PaxEx reports »

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  • 21

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AMZN

Amazon.com

$1,614.00

-20.15 (-1.23%)

12:33
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  • 23

    Jan

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    Mar

TELL

Tellurian

$7.98

-0.21 (-2.56%)

12:30
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Options
Bullish option play in Tellurian Inc as shares trim some recent gains »

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  • 10

    Feb

12:30
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General news
Fed policy outlook: the next FOMC announcement is a week away »

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PBR

Petrobras

$15.20

0.02 (0.13%)

12:29
01/23/19
01/23
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12:29
Periodicals
Petrobras rejects EIG-backed offer for oil clusters, Reuters reports »

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  • 10

    Feb

DIS

Disney

$110.08

-0.47 (-0.43%)

12:28
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Hot Stocks
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  • 05

    Feb

  • 03

    Mar

SBGI

Sinclair Broadcast

$30.08

0.53 (1.79%)

12:27
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PHUN

Phunware

$119.00

22 (22.68%)

12:26
01/23/19
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Hot Stocks
Breaking Hot Stocks news story on Phunware »

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12:25
01/23/19
01/23
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12:25
Conference/Events
Cantor Fitzgerald pharma analysts to hold an analyst/industry conference call »

Analysts, along with Dr.…

12:25
01/23/19
01/23
12:25
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12:25
Conference/Events
Cowen Internet & new media analyst to hold an analyst/industry conference call »

Internet & New Media…

TSLA

Tesla

$287.44

-11.36 (-3.80%)

12:23
01/23/19
01/23
12:23
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12:23
Periodicals
Tesla reduced Model S, Model X production, Bloomberg says »

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  • 30

    Jan

BATRA

Liberty Braves Group

$26.10

0.11 (0.42%)

12:22
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PHUN

Phunware

$119.00

22 (22.68%)

12:21
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Breaking Hot Stocks news story on Phunware »

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LRN

K12

$27.24

1.42 (5.50%)

12:20
01/23/19
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Recommendations
K12 analyst commentary  »

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HES

Hess Corp.

$50.31

-1.54 (-2.97%)

12:20
01/23/19
01/23
12:20
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Options
Short-term put buyer in Hess Corp »

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  • 10

    Feb

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
01/23/19
01/23
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
01/23/19
01/23
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Technical Analysis
NYSE market internals summary »

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SYMC

Symantec

$19.53

-0.28 (-1.41%)

12:10
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Options
Vote of confidence in Symantec ahead of earnings »

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  • 31

    Jan

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    Feb

IBM

IBM

$132.06

9.72 (7.95%)

, UTX

United Technologies

$114.94

3.71 (3.34%)

12:08
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On The Fly
Fly Intel: Wall Street's top stories at midday »

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IBM

IBM

$132.06

9.72 (7.95%)

UTX

United Technologies

$114.94

3.71 (3.34%)

PG

Procter & Gamble

$94.01

3.51 (3.88%)

CMCSA

Comcast

$36.36

1.2 (3.41%)

VIPS

Vipshop

$7.15

0.67 (10.34%)

ARAY

Accuray

$4.38

0.41 (10.33%)

WAT

Waters

$221.94

18.42 (9.05%)

QUOT

Quotient Technology

$9.46

-1.53 (-13.92%)

COF

Capital One

$77.83

-5.55 (-6.66%)

RES

RPC, Inc.

$10.69

-0.69 (-6.06%)

03/08/13
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  • 23

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    Feb

  • 03

    Mar

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    Mar

12:05
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General news
U.S. equities rolled back over into the red »

U.S. equities rolled back…

COF

Capital One

$78.09

-5.29 (-6.34%)

, WMT

Walmart

$98.04

0.57 (0.58%)

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COF

Capital One

$78.09

-5.29 (-6.34%)

WMT

Walmart

$98.04

0.57 (0.58%)

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  • 11

    Feb

  • 03

    Mar

APO

Apollo Global

$27.24

0.115 (0.42%)

12:03
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  • 31

    Jan

  • 11

    Feb

TSE

Trinseo

$43.55

-4.99 (-10.28%)

12:00
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Hot Stocks
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  • 14

    Feb

SRLP

Sprague Resources

$17.00

-2.31 (-11.96%)

12:00
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Hot Stocks
Sprague Resources falls -13.4% »

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  • 14

    Mar

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