Company Update (NASDAQ:GLUU): Glu Mobile Inc. Launches Mission Impossible Mobile Game

Glu Mobile Inc. (NASDAQ:GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, today announced the availability of the Mission: Impossible – Rogue Nation mobile game on the App Store and Google Play. Under license from Paramount Pictures and in creative collaboration with Skydance, Glu has developed the official mobile game in conjunction with the highly anticipated feature film Mission: Impossible – Rogue Nation, which is scheduled for U.S. theatrical release on July 31, 2015.

“We are excited to deliver the first ever free-to-play Mission: Impossible mobile game as part of Glu’s ongoing partnerships with Paramount Pictures and Skydance,” said Niccolo de Masi, Glu Chairman and CEO. “Mission: Impossible –Rogue Nation’s intense action gameplay introduces players to exotic locations from the upcoming film while incorporating engaging social components such as PvP, co-op agencies, and in-game chat.”

“We are thrilled to provide a new way for our global audience to interact with theMission Impossible franchise,” said LeeAnne Stables, President of Consumer Products for Paramount Pictures. “This action-packed mobile game from Glu brings the excitement of the new movie right into the hands of fans.”

“The Mission: Impossible – Rogue Nation film takes the action, adventure and stakes to a new level and the team at Glu did a fantastic job of incorporating these elements in new and innovative ways through the mobile game,” added Jesse Sisgold, Chief Operating Officer of Skydance. (Original Source)

Shares of Glu Mobile closed yesterday at $6.09. GLUU has a 1-year high of $7.60 and a 1-year low of $3.27. The stock’s 50-day moving average is $6.39 and its 200-day moving average is $5.34.

On the ratings front, Glu Mobile has been the subject of a number of recent research reports. In a report issued on July 6, Northland Securities analyst Darren Aftahi maintained a Buy rating on GLUU, with a price target of $9.50, which represents a potential upside of 56.0% from where the stock is currently trading. Separately, on June 30, Craig-Hallum’s Mitchell Bartlett reiterated a Buy rating on the stock and has a price target of $10.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Darren Aftahi and Mitchell Bartlett have a total average return of 3.3% and 5.5% respectively. Aftahi has a success rate of 63.8% and is ranked #1403 out of 3707 analysts, while Bartlett has a success rate of 50.0% and is ranked #1937.

The street is mostly Bullish on GLUU stock. Out of 4 analysts who cover the stock, 4 suggest a Buy rating . The 12-month average price target assigned to the stock is $9.00, which implies an upside of 47.8% from current levels.

Glu Mobile Inc develops, publishes & markets games designed to appeal to users of smartphones & tablet devices. Its gaming brands include Blood & Glory, Contract Killer, Deer Hunter, Eternity Warriors, Frontline Commando, Gun Bros, & Heroes of Destiny.

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