Mobile Video Game Publishers Glu, Zynga Get Brighter Forecasts [Investor's Business Daily]
GLU MOBILE (GLUU)
Last glu mobile earnings: 2/5 04:02 pm
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Source: Investors Business Daily
Related news Mobile video game publishers Glu Mobile ( GLUU ) and Zynga ( ZNGA ) have returned to favor among some on Wall Street as both video game stocks received upgrades this week from analysts. Macquarie Capital on Tuesday upgraded Zynga to outperform from neutral and raised its price target to 4.65 from 4. Cowen on Monday named Glu Mobile to its list of "best ideas for 2019" and upped its price target to 9.50 from 8. Glu Mobile stock rose 8.4%, near 8.15, in midday trading on the stock market today . It returned to the buy zone , which it breached on Nov. 7 when breaking out of a nine-week consolidation period . Zynga stock dipped a fraction to 3.66 on Tuesday. It is trading below its 50-day and 200-day moving average lines, a negative technical trading sign. Macquarie analyst Benjamin Schachter said he turned positive on Zynga based on increased confidence in the company's management. He also sees the potential for lower app-store commissions to increase 2020 earnings by 37% to
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