Here are the analyst initiations we have seen so far from the underwriting firms this Wednesday:
- Started as Overweight with $11 price target at Barclays;
- Started as Neutral with $10.50 price target at Bank of America Merrill Lynch;
- Started as Buy with $13 price target at Goldman Sachs;
- Started as Overweight with $12 target at JPMorgan;
- Started as Overweight with $11 price target at Piper Jaffray.
After we added up these five (not counting the few non-underwriting analyst calls out there) we get a consensus price target objective of about $11.50 for Zynga.
JON C. OGG
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