Glu Mobile Inc. (NASDAQ: GLUU), a publisher of mobile games for smartphone and tablet devices, released its Q2 fiscal 2015 earnings on August 4, outperforming consensus expectations.

The company reported Q2 EPS of $0.01, above the Street’s estimated (-$0.04). Revenue for the quarter came in at $56.2 million, beating the consensus estimate of $51.5 million.

Among the factors driving the successful quarter, Glu CEO Niccolo de Masi credited “the continued strength” of its several games, including “Kim Kardashian: Hollywood, Racing Rivals, Deer Hunter 2014, and Contract Killer: Sniper [as well as] the robust performance of Tap Sports Baseball 2015 and Cooking Dash 2016 out of the gates.”

Niccolo de Masi also noted the signing of female rapper Nicki Minaj and actor Jason Statham as new partnerships that contributed to the company’s success. Minaj’s social media following, which has now reached over 100 million, and Statham’s, which is over 50 million, “take the total social following of celebrity titles that [Glu] expect[s] to be live by the end of 2016 to nearly 650 million.”

Michael Graham of Canaccord Genuity last rated Glu on August 5, reiterating a Buy rating on the stock and setting a $9 price target. Graham noted, “There is some element of management de-risking 2016 by allowing some [game] launches to move into next year,” as Glu recently announced. Furthermore, Graham credited his bullish rating to his belief that “Glu is building a platform for repeat success, and to the extent the stock is down on choppy H2 guidance, [he] recommend[s] using the weakness as a buying opportunity.”

Michael Graham has a 53% overall success rate recommending stocks and a +13.2% average return per recommendation when measured over a one-year horizon and no benchmark.

Doug Creutz of Cowen & Co. last rated Glu on August 5, maintaining an Outperform rating the stock and cutting his price target from $10 to $8. While Creutz recognized that Glu reported “solid upside to Q2 guidance and [his] estimates,” he cautioned that “the company reduced FY EBITDA guidance due to a couple underperforming titles, slipped release dates, and incremental costs,” which in turn led to his decreases price target.

Doug Creutz has a 57% overall success rate recommending stocks and a +20.5% average return per recommendation when measured over a one-year horizon and no benchmark.

Out of 6 analysts polled by TipRanks, all 6 are Bullish on Glu. The average 12-month price target for Glu is $9.10, marking a 60.49% potential upside from where the stock is currently trading. On average, the all-analyst consensus for Glu is Strong Buy.