Zynga (ZNGA, $12.00) gets optimistic outlook from analysts

Zynga  shares got optimistic views from analysts on the company's latest earnings release.  

Bank of America's analyst Ryan Gee boosted rating on the online games company’s stock to neutral from underperform. He  raised price target to $12 from $9.50 per share.

Piper Sandler's Yung Kim raised price target to $13.50 from $12 per share. Kim said that “with a string of new titles poised to launch and a restocked war chest for further acquisitions, we view the [2021] guidance as conservative." The firm has a overweight rating on Zynga shares.

Wedbush boosted its price target to a Wall Street high $15 from $14.75 per share. Michael Pachter mentioned that the company's fourth quarter exceeded expectations, and demonstrated solid performance  in live services and increased advertiser interest.

Stifel analyst Drew Crum rates the company with a buy and $13 price target. Crum emphasized on several initiatives Zynga is undertaking, including hyper-casual games, cross platform technologies and new ad technologies. 

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.