Wedbush analyst Michael Pachter maintained a Buy rating on Zynga (NASDAQ: ZNGA) today and set a price target of $6. The company’s shares closed yesterday at $3.64.
According to TipRanks.com, Pachter is a 1-star analyst with an average return of -1.6% and a 48.4% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Best Buy Co.
Zynga has an analyst consensus of Moderate Buy, with a price target consensus of $4.83, which is a 32.7% upside from current levels. In a report released today, Piper Jaffray also reiterated a Buy rating on the stock with a $5 price target.
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Zynga’s market cap is currently $3.13B and has a P/E ratio of 93.57. The company has a Price to Book ratio of 1.96.
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Zynga, Inc. provides social game services. It develops, markets and operates social games as live services played on mobile platforms such as Apple’s iOS operating system and Google’s Android operating system, and social networking sites such as Facebook.
