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ZNGA

Zynga

$6.78 /

+0.21 (+3.20%)

, ATVI

Activision Blizzard

$61.08 /

+1.24 (+2.07%)

07:45
04/09/20
04/09
07:45
04/09/20
07:45

Zynga shares can top $8 amid stay at home environment, says Jefferies

Jefferies analyst Alex Giaimo raised the firm's price target on Zynga (ZNGA) to $8.25 from $7.50 and keeps a Buy rating on the shares. The stock closed Wednesday up 22c to $6.78. The analyst sees a path for the stock to top $8, representing 22% upside from current levels. The stay at home environment will help drive near-term engagement, while Zynga's "healthy" new game pipeline and "opportunistic" cash position will drive long-term performance, Giaimo tells investors in a research note. While bears will focus on the company's limited organic growth and heavy competition, Zynga management is well versed in navigating industry trends, adds the analyst. Giaimo says Zynga remains a top pick along with Activision Blizzard (ATVI).

ZNGA

Zynga

$6.78 /

+0.21 (+3.20%)

ATVI

Activision Blizzard

$61.08 /

+1.24 (+2.07%)

  • 09

    Apr

  • 15

    Apr

ZNGA Zynga
$6.78 /

+0.21 (+3.20%)

04/06/20 Wells Fargo
Zynga initiated with an Equal Weight at Wells Fargo
03/18/20
Fly Intel: Top five analyst initiations
03/18/20 Oppenheimer
Oppenheimer bullish on Zynga, initiates with an Outperform
03/17/20 Oppenheimer
Zynga initiated with an Outperform at Oppenheimer
ATVI Activision Blizzard
$61.08 /

+1.24 (+2.07%)

04/08/20 Piper Sandler
Piper lays out winners and losers in survey of 5,200 teens
04/06/20 Wells Fargo
Activision Blizzard initiated with an Overweight at Wells Fargo
04/02/20 MKM Partners
Activision Blizzard upgraded to Buy from Neutral at MKM Partners
04/02/20 MKM Partners
Activision Blizzard upgraded to Buy from Neutral at MKM Partners

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