UBS Focuses On Zynga Turnaround, Not Volatility
On June 9, analysts at UBS hosted a dinner with Zynga (NASDAQ: ZNGA) CFO David Lee and came away remaining constructive on both the company's mid- and long-term outlook.
According to the UBS team, Zynga's management is focused on:
- Executing fiscal year 2014 guidance.
- Integration of NaturalMotion.
- Balancing the cost of mobile game franchise creation and marketing costs to maximize the lifelong value of the franchise.
The analysts wrote, "We believe our core investment case (improved bookings growth, margin leverage from growth/cost cuts, & greater mobile focus) remains intact, and we expect Zynga to remain a beat/raise story going forward."
Following the release of the UBS note, shares of Zynga are trading up just under seven percent in Tuesday's trading.
Latest Ratings for ZNGA
|Nov 2014||Bank of America||Maintains||Underperform|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.