ZNGA Stock Forecast: Avoid Investing In Zynga, It Has More Downside Risks

August 25, 2021

motek 1The ZNGA stock forecast was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • Zynga’s stock has a negative trend score from I Know First. Seeking Alpha’s Quant Rating for Zynga is Neutral.
  • It is therefore wise for us to avoid going long on ZNGA. If we heed the sell signal from I Know First, we can also short ZNGA.
  • The reason why Zynga warned of weaker Q3 and Q4 is because its regular players are now flocking to cryptocurrency-based Android/iOS games.
  • I will only rate Zynga’s stock as a buy again after it comes up with its own answer to Axie Infinity. Cryptocurrency games can offset Apple’s restrictive app privacy rules.
  • The play-to-earn cryptocurrency is the next growth driver for video games. NFT Gaming Tokens now touts combined market value of $13 billion.

New forecasting serviceRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content Here
Premium Articles