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  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.