Zynga (ZNGA) Received its Third Buy in a Row

After BMO Capital and Merrill Lynch gave Zynga (NASDAQ: ZNGA) a Buy rating last month, the company received another Buy, this time from Jefferies. Analyst Andrew Uerkwitz maintained a Buy rating on Zynga yesterday and set a price target of $13.00. The company’s shares closed last Thursday at $10.55.

According to TipRanks.com, Uerkwitz is a 5-star analyst with an average return of 28.9% and a 63.8% success rate. Uerkwitz covers the Technology sector, focusing on stocks such as Spotify Technology SA, Tyler Technologies, and Skillz.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zynga with a $13.53 average price target, a 27.0% upside from current levels. In a report issued on May 4, BMO Capital also assigned a Buy rating to the stock with a $15.00 price target.

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The company has a one-year high of $12.32 and a one-year low of $7.42. Currently, Zynga has an average volume of 18.31M.

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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. It offers Chess with Friends, Crazy Cake Swap, Draw Something, FarmVille, Gems with Friends, Ice Age: Arctic Blast, Looney Tunes Dash, Speed Guess Something, What’s The Phrase, Wizard of Oz Magic Match, Yummy Gummy, Free Slots, Black Diamond Casino, Hit It Rich, Zynga Poker and Willy Wonka Slots. The company was founded by Mark Jonathan Pincus on April 19, 2007 and is headquartered in San Francisco, CA.

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