ZNGA Stock Forecast: Avoid Investing In Zynga, It Has More Downside Risks
The 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
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Zynga Stock Forecast: Zynga’s Stock Has More Upside Potential
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.Summary:
- I published two articles endorsing a buy rating for Zynga during December 2018 period. ZNGA’s 1 month gain is +13.62%.
- ZNGA’s current price is now $4.44 – still below the average 12-month PT of $4.78 at TipRanks.
- Goldman Sachs initiated ZNGA as a buy today and gave it a PT of $5.30. This favorable view from Goldman Sachs helped boost ZNGA’s price.
- Adding more Zynga shares seems worth the risk. In spite of being the bigger company and posting profit ZNGA is still cheaper to own than GLUU.
- Zynga will report its earnings next week. I expect it to beat the EPS estimate of 0.04 and revenue estimate of $257.3 million.
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Zynga Stock Prediction For 2019: Empire & Puzzles Acquisition Likely To Increase Zynga’s Net Income By 100% Or More
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.Summary:
- Zynga’s average monthly revenue based on its quarterly report is only $74.25 million.
- The $560 million purchase of an 80% stake in Small Giant Games helps Zynga earn $16 million in additional monthly sales.
- Small Giant Games is the developer of Empire & Puzzles: RPG Quest, which has net global monthly sales of $6 million from iOS and $14 million from Android devices.
- The $700 valuation purchase price is a good deal for Zynga. It bought a game developer that makes around $240 million in net annual sales.
- A 21.5% monthly revenue boost just from buying one hit mobile game should also lift the profitability of Zynga.
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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.Summary:
- 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.
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Amazon Stock Forecast: Amazon Will Continue Muscling In On The $170 Billion Video Games Industry
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. AMZN Stock Predictions
Summary:
- Amazon Game Studios recently cancelled its in-development Breakaway fantasy sports video game. It doesn’t mean Amazon is quitting the $170 billion video games industry.
- Breakaway was likely only a showcase/demo title to demonstrate the all-in-one package capability of its Lumberyard game engine.
- Amazon Game Studios will continue developing its other two games, Next World and Crucible. Crucible is currently a Battle Royale game that’s testing a 12-player limit.
- Amazon has invested more than a billion dollars buying Twitch, Double Helix Games, and CryEngine license. Making its own Twitch-optimized games helps improve Amazon’s advertising business.
- I Know First has negative market trend scores for AMZN. Wait for a cheaper entry-point before you take a long-term position on this stock.
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