Financial firm Wedbush (traded privately) announced that it was raising its target price for mobile game company Zynga (NASDAQ:$ZNGA) on Thursday, August 3. Wedbush upped Zynga’s target price to about $4.65, which could contribute to Zynga’s stock rising today.
Zynga’s stock closed at $3.58 on August 2 after rising about 2.23%. About 15,907447 shares were traded — a rise from the average trading volume of 13,299,200. The stock’s 50-day moving average is $3.65 and the 200-day moving average is $3.11. The 52-week low is currently at $2.40 and the 52-week high is at $3.86. As of right now, Zynga has a market capitalization of $0.
Including Wedbush, close to 15 firms have already made reports on the stock. On average, the target price for Zynga was $3.02. Two firms have given the stock a “strong buy”, two firms gave it a “buy”, 11 firms gave it a “hold”, three firms gave it a “underperform”, and no firms gave it a “sell”.
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