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Zynga Stock Forecast: Why Zynga Is A Very Attractive Takeover Target

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

Zynga’s stock popped as high as $4.50 last month after a rumor went around that it was a potential acquisition target. The stock has since retreated down to $3.60 levels.
Rumor or not, Zynga’s strong balance sheet and large presence in social poker and slots games makes it a very attractive buyout target.
China’s more stringent policy over video games means Tencent and/or NetEase needs to acquire international gaming outfits like Zynga to find new growth opportunities.
Zynga is now profitable and has a reliable moat from its poker and slots social video games. Upcoming Star Wars, Harry Potter, and Game of Thrones can boost its revenue.
Go long ZNGA only if you plan to hold it for a long time. I Know First has a bullish 1-year market trend forecast for this stock.