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ZNGA - Zynga Inc - Page 5
JPMorgan Pushes Pause On Zynga
5 hours 14 minutes ago - Dow Jones News
8:38 (Dow Jones) Zynga (ZNGA), which gets mixed ratings from Wall Street, loses a bull as JPMorgan says the stock's recent run has priced in much of the upside. The new Zynga.com site and the potential for legalization of online gambling are legitimate reasons for optimism, but the investment bank says they will take a while to materialize. Investor enthusiasm for those developments had helped drive ZNGA up 47% from its December debut. Shares are off 2.5% premarket at $14.32 as JPMorgan downgrades to neutral. Its price target remains $15. (firstname.lastname@example.org)
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Hi all. In as much as many of you disliking this stock.. just wondering what your thoughts are at this moment with it? It had a few gaps up and down, some roller coaster rides. But the recent news of a secondary IPO?? Correct me if I'm wrong but isn't this suppose to "help" so the shares won't free fall like Linked-In where its underwriters and B-Class share holders unloaded their inventory? if that is "true," (yes mind my quotes), why has it been down the past 3-5 days in the red? I believe there is no dilution to this so technically it shouldn't affect the price. Lately there's also been very low volume as well due to that news, hence the red. Besides that, there's been a lot of good news, I mean Zynga's actually doing a lot more than many other social stocks and actually makes money. So 1st quarter earnings was sort of a dud.. but that's because of some insiders cashing out.. a 1 time deal ( I hope), however they did beat analyst earnings expectations.
Any analysis will help, thanks.