Zynga Inc. (NASDAQ:ZNGA): TheStreet Reaffirmed A “Sell” Rating

0
742

Dallas, Texas 05/23/2014 (FINANCIALSTRENDS) – The stock of Zynga Inc. (NASDAQ:ZNGA) was recently reiterated a “sell” rating by the team of analysts at TheStreet with a ratings score of D+. The analysts at TheStreet reaffirmed their rating following certain concerns including weak operating cash flow and not so impressive net income growth. The analysts believe that these concerns could make it difficult for shareholders to achieve positive results as compared to the other stocks the research firm covers.

Rating Updates:

Many equities research analysts have recently commented on the stock of Zynga Inc. (NASDAQ:ZNGA) including investment analysts at Piper Jaffray who cut their price target for the stock to $4.50 from their previously set target price of $5 in a research note released on Thursday, May 22, 2014. The new price target suggests around 36.36% potential upside from Zynga’s previous close. Investment analysts at Benchmark Co. raised their price target for the stock of Zynga Inc. to $3.52 from their previously announced target price of $3.46.

Equity analysts at Barclays also raised their price target for the stock to $5 from a previously set target price of $4.50. The new target price essentially suggests a potential upside of approximately 51.5% from the stock’s previous day closing price. The analysts now maintain an “equal weight” rating for the stock. Analysts at Canaccord Genuity also raised their price target for the stock to $5 from $4.40 and they now maintain a “hold” rating for the stock.

Consensus Rating and Stock Performance:

The stock of Zynga Inc. (NASDAQ:ZNGA) has been assigned a “sell” rating by two analysts; a “hold” rating by ten analysts; and a “buy” rating by one analyst. Zynga is currently having a consensus rating of “hold” with an average price target of $4.53. On Thursday, the stock lost 2.65% and closed at $3.30. The stock is trading close to its 52 week low of $2.50 as compared to its 52 week high of $5.89.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.