Dallas, Texas 05/23/2014 (FINANCIALSTRENDS) – The stock of Zynga Inc. (NASDAQ:ZNGA) was recently reiterated a “sell” rating by the team of analysts at TheStreet with a ratings score of D+. The analysts at TheStreet reaffirmed their rating following certain concerns including weak operating cash flow and not so impressive net income growth. The analysts believe that these concerns could make it difficult for shareholders to achieve positive results as compared to the other stocks the research firm covers.
Many equities research analysts have recently commented on the stock of Zynga Inc. (NASDAQ:ZNGA) including investment analysts at Piper Jaffray who cut their price target for the stock to $4.50 from their previously set target price of $5 in a research note released on Thursday, May 22, 2014. The new price target suggests around 36.36% potential upside from Zynga’s previous close. Investment analysts at Benchmark Co. raised their price target for the stock of Zynga Inc. to $3.52 from their previously announced target price of $3.46.
Equity analysts at Barclays also raised their price target for the stock to $5 from a previously set target price of $4.50. The new target price essentially suggests a potential upside of approximately 51.5% from the stock’s previous day closing price. The analysts now maintain an “equal weight” rating for the stock. Analysts at Canaccord Genuity also raised their price target for the stock to $5 from $4.40 and they now maintain a “hold” rating for the stock.
Consensus Rating and Stock Performance:
The stock of Zynga Inc. (NASDAQ:ZNGA) has been assigned a “sell” rating by two analysts; a “hold” rating by ten analysts; and a “buy” rating by one analyst. Zynga is currently having a consensus rating of “hold” with an average price target of $4.53. On Thursday, the stock lost 2.65% and closed at $3.30. The stock is trading close to its 52 week low of $2.50 as compared to its 52 week high of $5.89.