The initial euphoria has cooled a little after a good night’s sleep, but shares posted a new 52-week high Friday morning and the share price is still up about 8%. Analysts, however, remain cool.
Barclays initiated coverage on the stock in early September with an Equal Weight.
Evercore Partners reaffirmed its Equal Weight rating and have $4 price target on the stock.
Baird’s analyst thinks that Zynga remains in “recovery mode” following a layoff of 520 employees and that mobile games could be a win for the company, especially in the “mid-core” space between simple games like FarmVille and games for hard-core gamers, like Call of Duty and Grand Theft Auto.
Bloomberg cites a Piper Jaffray analyst who said, “With the exception of poker, Zynga has yet to publish a mobile game that can stay consistently popular over several months.” The company said in July that it no longer plans to seek a license to offer real-money poker in the U.S. Those plans could change, of course, if a federal law permitting real-money online gambling in all 50 states were ever enacted.
Zynga’s shares are up about 8% at $3.82 in mid-afternoon trading Friday, after posting a new 52-week high of $4.05. At its December 2011 initial public offering shares were priced at $11.
Travel Cards Are Getting Too Good To Ignore
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
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