Market Overview

UBS Focuses On Zynga Turnaround, Not Volatility

Share:
Related ZNGA
From Amazon To Zynga: Your Internet Stock Q2 Preview And Morgan Stanley's Top Picks
What's Going Down At The Allen & Company Sun Valley Conference
MGM Television and Zynga Team Up to Develop New Game Show Based on the Iconic, Pop Culture Hit ... (GuruFocus)

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

DateFirmActionFromTo
Jun 2017Morgan StanleyUpgradesEqual-WeightOverweight
May 2017PiperJaffrayUpgradesNeutralOverweight
May 2017Bank of AmericaUpgradesUnderperformNeutral

View More Analyst Ratings for ZNGA
View the Latest Analyst Ratings

Posted-In: UBSAnalyst Color News Analyst Ratings

 

Related Articles (ZNGA)

View Comments and Join the Discussion!