In a report released today, Michael Pachter from Wedbush maintained a Buy rating on Zynga (NASDAQ: ZNGA), with a price target of $5.50. The company’s shares closed on Friday at $3.48.
According to TipRanks.com, Pachter is ranked 0 out of 5 stars with an average return of -3.3% and a 48.0% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Pandora Media.
Zynga has an analyst consensus of Moderate Buy, with a price target consensus of $4.83.
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Based on Zynga’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $233 million and quarterly net profit of $12.93 million. In comparison, last year the company earned revenue of $194 million and had a GAAP net loss of $9.47 million.
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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.
