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Fly News Breaks for February 6, 2020
Feb 6, 2020 | 05:37 EDT
Piper Sandler analyst Michael Olson raised his price target for Glu Mobile to $8 from $6.50 saying the company reported strong Q4 results, with bookings and adjusted EBITDA above Street expectations. While the analyst believes Glu's setup for 2020 is "compelling," with new title launches, including the Disney title, he also recognizes that there is some uncertainty related to timing and success of new games. Olson keeps an Overweight rating on the shares.
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