ZNGA - Zynga Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
7.18
+0.09 (+1.27%)
At close: 4:00PM EST

7.17 -0.01 (-0.14%)
After hours: 4:54PM EST

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Previous Close7.09
Open7.10
Bid7.17 x 36100
Ask7.19 x 36200
Day's Range7.10 - 7.29
52 Week Range4.94 - 7.29
Volume16,489,209
Avg. Volume17,857,229
Market Cap6.792B
Beta (5Y Monthly)0.35
PE Ratio (TTM)179.50
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Thomson Reuters StreetEvents

    Edited Transcript of ZNGA earnings conference call or presentation 5-Feb-20 9:30pm GMT

    Q4 2019 Zynga Inc Earnings Call

  • The Zynga (NASDAQ:ZNGA) Share Price Has Gained 200%, So Why Not Pay It Some Attention?
    Simply Wall St.

    The Zynga (NASDAQ:ZNGA) Share Price Has Gained 200%, So Why Not Pay It Some Attention?

    The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, if...

  • TheStreet.com

    Zynga Target Price Up at Piper Sandler After Report Beats

    Game maker Zynga's results beat expectations, and CEO Gibeau is bullish on the future. Piper Sandler raised its target price.

  • MarketWatch

    Zynga stock heads toward best day in years after earnings

    Shares of Zynga Inc. are up 12.9% in midday trading Thursday and on track for their biggest single-day percentage gain since 2014 if the gains hold through the close. The stock rose 23.6% on Jan. 31, 2014. Zynga's rally comes after the mobile-games maker beat earnings expectations the prior afternoon. Wedbush analyst Michael Pachter called it a "near perfect" fourth quarter for Zynga and reiterated his outperform rating on the stock. Jefferies analyst Alex Giaimo wrote that "despite increased investor caution heading into the print, Zynga posted impressive 4Q results and a safe [fiscal-year] guide that should help pull the stock out of the penalty box." He has a buy rating on the stock. The stock surge Thursday helped Zynga's stock crawl out of the red on a one-month and three-month basis. Shares have risen 6.7% over the past month and 6.4% over three, as the S&P 500 has posted respective gains of 2.9% and 8.6% over those spans.

  • Zynga (ZNGA) Q4 Earnings Break Even, Revenues Rise Y/Y
    Zacks

    Zynga (ZNGA) Q4 Earnings Break Even, Revenues Rise Y/Y

    Zynga's (ZNGA) fourth-quarter 2019 results benefit from strength in live services and robust growth in international markets.

  • Zynga (ZNGA) Q4 Earnings Miss Estimates
    Zacks

    Zynga (ZNGA) Q4 Earnings Miss Estimates

    Zynga (ZNGA) delivered earnings and revenue surprises of -33.33% and 3.78%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • MarketWatch

    Zynga shares rise 6% on earnings beat

    Zynga Inc. shares were up 6% in after-hours trading Wednesday after the online-gaming developer reported fourth-quarter earnings that beat Wall Street expectations. Zynga said it lost $4 million, or 0 cents a share, in the quarter, compared with net income of $1 million, or 0 cents a share, in the year-ago fourth quarter. Revenue surged 63% to $404 million from $249 million a year ago. Analysts surveyed by FactSet had expected a loss of 3 cents a share on sales of $418 million. Zynga shares are up 31.5% over the last 12 months. The S&P 500 index has gained 22.1% the last year.

  • Barrons.com

    Zynga Results Beat Guidance, but Its Outlook Falls Short

    Zynga posted fourth-quarter financial results on Wednesday that blew past the company’s own guidance, but the game publisher cautioned that first-quarter results would fall short of Street estimates.

  • Why Zynga (ZNGA) Might Surprise This Earnings Season
    Zacks

    Why Zynga (ZNGA) Might Surprise This Earnings Season

    Zynga (ZNGA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

  • Zynga Stock Set For Exciting 2020, But May Fall Flat For a Few Months
    InvestorPlace

    Zynga Stock Set For Exciting 2020, But May Fall Flat For a Few Months

    Mobile video gaming has turned into a big growth market, and as it has, shares of dominant mobile video game publisher Zynga (NASDAQ:ZNGA) have soared. In late 2018, this was a $3.50 stock. In early 2020, Zynga stock nearly touched $7.Source: JHVEPhoto / Shutterstock.com That's roughly 100% upside in just over a year. Can the red-hot rally continue?I have my doubts, mostly because there are some red flags with the Zynga growth narrative, and because the valuation underlying Zynga stock seems full when you consider those red flags.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt the same time, though, there's a lot of excitement surrounding the mobile video game market at the current moment. I don't see that excitement fading in 2020, as strong product launches from Zynga should support continued bullishness. * 7 Stocks to Buy for February Contrarians Net net, I don't think ZNGA stock will rise much from here over the next few months. Nor do I think it will fall much. Instead, I think shares will simply fall flat. Zynga Has Red FlagsThe Zynga growth narrative has two major red flags.First, Zynga's big revenue growth year-to-date (revenues are up 40% year-to-date) is being driven entirely by share-of-wallet gains, and not at all by user growth. Daily active users of Zynga's games has plateaued around the 20 million mark for several quarters. Monthly active users has actually steadily dropped all year long from 78 million a year ago, to 67 million today. Meanwhile, average revenue per user has soared all year long, with the growth rate through the first three quarters averaging to over 40%.I don't think this is sustainable. Share-of-wallet gains are easy to come by this year because average spend per user is so low. As that number gets bigger, big growth will be harder to come by. At the same, there's huge and increasing competition for mobile content dollars. Think Netflix (NASDAQ:NFLX), Spotify (NYSE:SPOT), YouTube, etc. Considering that backdrop and that the laps are getting tougher, Zynga's average revenue per user growth rate will likely decelerate meaningfully in coming years.Users won't go higher, either. At its core, mobile video gaming is niche. Most consumers get their mobile entertainment fix through social channels like Facebook (NASDAQ:FB), Snap (NYSE:SNAP), and Tik Tok. Without user growth, the whole Zynga growth narrative is set for a big slowdown over the coming years.The second red flag is that revenue growth is being driven by big expense growth. Zynga's revenues are up 40% year-to-date, while expenses are up 60%. Profit margins are in retreat, and profits actually aren't ramping higher. So long as this remains the case -- and it may remain the case for a while considering Zynga's huge competition in the mobile channel -- Zynga stock will have a tough time justifying its valuation. Zynga Stock Seems Fully ValuedConsidering those two red flags, Zynga stock appears fully valued at current levels.According to Newzoo, the mobile gaming space is growing at a 10% clip. The market will likely sustain 10% growth thanks to gradual growth in average spend per user. In that market, Zynga is supported by an impressive content portfolio, the likes of which will allow it to maintain market share, even amid increasing competition from Apple (NASDAQ:AAPL) and others.Broadly, Zynga most reasonably projects as a 10% revenue grower over the next few years. In a best case scenario, Zynga will start moderating its spend as it gets bigger and expense growth rates will slow to below 10%. Profit margins will gradually move higher. So will profits, at a 10%-plus pace.Optimistically assuming so, my modeling pegs Zynga's 2025 earnings per share at 50 cents. Big time console video game publishers like Activision (NASDAQ:ATVI) and Electronic Arts (NASDAQ:EA) have historically averaged 20-times forward earnings multiples. Based on that multiple and a 10% annual discount rate, 50 cents in 2025 earnings per share supports a 2019 price target for ZNGA stock of just over $6.That's pretty much exactly where shares trade hands today, and we are still a week away from the end of fiscal 2019. Thus, for the moment, Zynga stock is trading near a best-case estimate for its fair value. Bottom Line on ZNGA StockZynga is a fine company. It just seems like investors got a bit too excited about growth prospects in the mobile gaming space. Yes, the mobile gaming market will continue to grow over the next few years. But, not by that much, and it will forever remain niche.Considering this reality, Zynga stock isn't all that attractively valued at current levels. The most likely path forward for shares over the next few months is sideways.As of this writing, Luke Lango was long NFLX, FB, SNAP, and ATVI. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for February Contrarians * 10 of the Top Franchise Stocks to Buy Now * 5 High-Yield Stocks With High Free Cash Flow Yields The post Zynga Stock Set For Exciting 2020, But May Fall Flat For a Few Months appeared first on InvestorPlace.

  • Zynga (ZNGA) to Report Q4 Earnings: What's in the Cards?
    Zacks

    Zynga (ZNGA) to Report Q4 Earnings: What's in the Cards?

    Zynga's (ZNGA) fourth-quarter 2019 results are likely to benefit from growth in its mobile live services supported by new and existing franchise games.

  • Zynga (ZNGA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    Zynga (ZNGA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    Zynga (ZNGA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Is Zynga's Pullback Your Buying Opportunity?
    TheStreet.com

    Is Zynga's Pullback Your Buying Opportunity?

    In the daily bar chart of ZNGA, below, we can see that prices have pulled back this month to break below the rising 50-day moving average line and test the rising 200-day moving average line. The trading volume increased on the decline and the On-Balance-Volume (OBV) line turned lower. In the weekly bar chart of ZNGA, below, we can see that prices have broken below the rising 40-week moving average line.

  • 3 Monster Growth Stocks That Are Ready for the Next Leg Higher
    TipRanks

    3 Monster Growth Stocks That Are Ready for the Next Leg Higher

    At the end of the day, investors want to see returns. To accomplish this goal, seasoned Wall Street observers often turn to one strategy time and time again: growth investing. A solid growth play is a name that appears poised to not only grow at an above-average rate but also reward investors handsomely over the long run.Rolling up their sleeves, investors are pounding the Wall Street pavement in search of the tickers with impressive long-term growth prospects. However, having a target in mind is one thing, but zeroing in on these stocks primed for stellar gains in the coming years is another story entirely. This task also isn’t made any easier by the fact that 2019 saw the S&P 500 post its largest yearly gain since 2013, closing the year up 29% and starting out 2020 with an increase of 2%.Luckily, TipRanks, a company that tracks and measures the performance of analysts, can lend investors a hand. After using the platform’s Stock Screener tool during our own search, we were able to unmask 3 Buy-rated stocks flagged by the analysts for their strong long-term growth narratives. On top of this, each boasts substantial upside potential from the current share price.Here’s the full scoop.Global Blood Therapeutics Inc. (GBT)Global Blood Therapeutics is focused on developing treatments for underserved patient communities. With one therapy for sickle cell disease, a group of disorders that impacts hemoglobin in blood cells, already approved and another candidate for the disease in development, some analysts believe that its 94% gain in 2019 is just the beginning.Back in November, the company got some good news when the FDA granted its lead candidate, Oxbryta, accelerated approval for use in adults and children 12 years and older with sickle cell disease based on the results of the pivotal Phase 3 HOPE study. In the study, the drug was able to produce a rapid, potent and durable improvement in hemoglobin. With the ruling coming three months before the original PDUFA date, it’s no wonder Wall Street pros are excited. To top it all off, the label for Oxbryta is clean and broad, and the therapy can be administered alone or in combination with hydroxyurea.H.C. Wainwright’s Debjit Chattopadhyay does remind investors that the company is still required to continue the HOPE-KIDS 2 study to demonstrate decreased risk of stroke in children 2 to 15 years old. That being said, the four-star analyst expects the results to be similar to the HOPE Phase 3 program findings. “Additionally, because the HOPE-KIDS 2 study is enrolling patients as young as 2 years of age, data could be leveraged for label expansion to treat patients under 12,” Chattopadhyay commented.As the analyst sees the drug’s U.S. sales reaching $1.2 billion in 2024, it makes sense that he reiterated both a Buy rating and $150 price target. Should the target be met, shares could be in for a 105% twelve-month gain. (To watch Chattopadhyay’s track record, click here)Like Chattopadhyay, Wedbush analyst Liana Moussatos takes a bullish approach. With no price increases expected for three years and little to no competition anticipated from Novartis’ recently released ADAKVEO antibody treatment for sickle cell disease, the analyst thinks the market opportunity is large. Bearing this in mind, she bumped up the price target from $120 to $143 in addition to maintaining her bullish call. (To watch Moussatos’ track record, click here)In terms of the rest of the Street, a majority of analysts also see GBT as a Buy, 13 out of 16 to be exact. As a result, the consensus rating is a Strong Buy. Given the $102.20 average price target, the upside potential lands at 40%. (See Global Blood Therapeutics stock analysis on TipRanks) Zynga Inc. (ZNGA)Zynga is best known for being the force behind wildly popular games such as “Words With Friends”, “Empires & Puzzles” and “Merge Dragon”. After posting an impressive 70% climb in 2019, does the video game developer still have more fuel left in the tank?According to SunTrust Robinson’s Matthew Thornton, the answer is yes. In his initiation note, the analyst points out that the already large gaming market, which was worth about $83 billion in 2019, is still expanding, with a 5-year 2018-2023 CAGR of 9.9%. He tells investors the companies that can prosper in this competitive and fragmented environment will be those with platform-exposure to the market, publishers with unique franchises or IP, network scale and ability to fund and execute robust live services, pipeline development and M&A. Based on this, Thornton has high hopes for ZNGA.“ZNGA provides pure-play exposure to the large and fast growing global mobile gaming market with a growing (31% pro forma in 3Q19, driven by Merge Dragons and Empires & Puzzles) and diversified existing game portfolio and highly experienced management team and Board. In addition to a healthy existing portfolio, ZNGA has a strong pipeline (at least 7 games, including FarmVille, Harry Potter, Star Wars, Game of Thrones, and others) as well as a strong balance sheet and acquisition track record to augment organic growth with M&A in what is a highly fragmented market,” he wrote.Taking all of this into consideration, the four-star analyst puts the 2-year 2019-2021 revenue and EBITDA CAGR at 13% and 18%, respectively. Not to mention the company is also expected to surpass consensus estimates over the next few years.In line with his bullish thesis, Thornton started his ZNGA coverage with a Buy recommendation. In addition, he set a $7.50 price target, indicating that shares could surge 23% in the next twelve months. (To watch Thornton’s track record, click here)Looking at the consensus breakdown, 6 Buys, 1 Hold and 1 Sell published in the last three months add up to a Moderate Buy. With a $7.50 average price target, the upside potential matches Thornton’s forecast. (See Zynga stock analysis on TipRanks) FTI Consulting, Inc. (FCN)Operating as a global business advisory firm, FTI Consulting offers its clients transactional, operational, financial, legal and reputational services. In 2019, the company saw shares climb 66% higher, and one analyst is betting that this run can continue in 2020.SunTrust Robinson’s Tobey Sommer argues that for the first time in its history, FTI has created a sustainable organic growth firm that constantly adds new employees so that it can offer “adjacent services”. Among these new services are business transformation, public affairs, cyber and global construction disputes. “We believe that FCN should be able to hire a steady stream of experienced talent from Big 4 accounting firms in Europe who are worried that emerging regulatory scrutiny will conflict them out of work from key relationships,” he noted.Additionally, Sommer cites several key upcoming catalysts as putting FCN on an upward trajectory. He thinks that fourth quarter revenue and EBITDA should beat the Street’s estimates, with the midpoint for initial 2020 guidance falling in line with expectations.He added, “From the initial guidance, we expect material upside results throughout the year propelled by headcount growth (year-over-year consultant headcount rose 17% in 3Q19), pricing could increase above trend and regulatory investigations into global tech firms could drive antitrust work.”It’s no surprise, then, that the five-star analyst stayed with the bulls, leaving the Buy rating unchanged. If that wasn’t enough, he gave the price target a boost, increasing the figure from $130 to $155. This bolstered target conveys his confidence in FCN’s ability to jump 31% in the twelve months ahead. (To watch Sommer’s track record, click here)When it comes to other analyst activity, it has been relatively quiet on Wall Street. As Sommer is the only analyst that has reviewed FCN recently, the word on the Street is that the stock is a Moderate Buy. The average price target and upside potential are also the same as the SunTrust Robinson analyst’s. (See FTI Consulting stock analysis on TipRanks)

  • Factors Likely to Shape Las Vegas Sands' (LVS) Q4 Earnings
    Zacks

    Factors Likely to Shape Las Vegas Sands' (LVS) Q4 Earnings

    Las Vegas Sands' (LVS) fourth-quarter 2019 revenues are expected to have declined due to soft Sand Cotai Central. Yet, higher margins from mass and non-gaming segments are likely to have boosted its profits.

  • Top Video Game Stocks for Q1 2020
    Investopedia

    Top Video Game Stocks for Q1 2020

    The video game industry is involved in the development, marketing and sale of hardware and software, fueled by advances in technology, high-speed connectivity, and customized gadgets. Some of the top companies in the industry today include Sony Corp.

  • Barrons.com

    Buy These 2 Stocks to Play the Growing Mobile Game Market, Analyst Says

    “Mobile is the largest and fastest growing segment of the gaming industry,” KeyBanc Capital Markets says.

  • Benzinga

    KeyBanc Bullish On Mobile Gaming Companies Glu Mobile, Zynga

    KeyBanc started coverage of two mobile video game publishers with bullish ratings, saying mobile gaming is an attractive market and Glu Mobile Inc . (NASDAQ: GLUU ) and Zynga Inc . (NASDAQ: ZNGA ) are ...

  • DBS Touts E-Sports Stocks as Bet on Millennial, Gen-Z Wealth
    Bloomberg

    DBS Touts E-Sports Stocks as Bet on Millennial, Gen-Z Wealth

    (Bloomberg) -- The electronic sports industry is likely to grow significantly in coming years and stocks in the sector are poised to benefit, according to DBS Group Holdings Ltd.E-sports, or multiplayer video games played competitively by professional gamers, is a key investment theme in the Singapore-based bank’s quarterly CIO outlook as the phenomenon gains traction among increasingly wealthy millennials and their Generation Z counterparts. Live streaming will help lead to “exponential growth,” with companies such as Activision Blizzard Inc., Nintendo Co. and Tencent Holdings Ltd. set to benefit, according to Thursday’s report.“E-sports is expected to undergo phenomenal growth in the coming years - from both a viewership and monetization standpoint,” the report said. “Game developers are predominantly the biggest beneficiaries given that they are involved in almost every facet of e-Sports – from games publishing to the creation of leagues and the hosting of tournaments.”Streaming platforms and hardware manufacturers will also benefit, it said.Read: Even Small Esports Names Gain as Industry Matures, Stephens SaysExposure to the field has already been paying off for investors. The MVIS Global Video Gaming and eSports Index is up 47% since the end of 2018, compared with the S&P 500’s 31% advance. The gauge of 25 companies which includes NetEase Inc., Zynga Inc., Take-Two Interactive Software Inc. and Electronic Arts Inc., has risen 3.4% this year versus a 1.4% gain in the broader benchmark.(Adds story link after fourth paragraph.)To contact the reporter on this story: Joanna Ossinger in Singapore at jossinger@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Cormac Mullen, Naoto HosodaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • With EPS Growth And More, Zynga (NASDAQ:ZNGA) Is Interesting
    Simply Wall St.

    With EPS Growth And More, Zynga (NASDAQ:ZNGA) Is Interesting

    Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...

  • TheStreet.com

    Zynga Climbs as SunTrust Starts Coverage With Buy Rating

    Shares of Zynga climbed 2.9% to $6.45 Tuesday after an analyst with SunTrust initiated coverage of shares of the gaming company with a buy rating and a $7.50 share price target. "In addition to a healthy existing portfolio, ZNGA has a strong pipeline (at least 7 games, including FarmVille, Harry Potter, Star Wars, Game of Thrones, and others) as well as a strong balance sheet ( $1.4b in cash) and acquisition track record (Small Giant, Gram Games) to augment organic growth with M&A in what is a highly fragmented market," Thornton said. Nearly 100% of Zynga's pro forma growth in the third quarter came from titles that were acquired under the current leadership team during the past two years, Thornton said, adding he believes mergers and acquisitions are one of Zynga's core competencies.

  • Amazon, Zynga Highlight Baird’s Top Internet Ideas for 2020
    TipRanks

    Amazon, Zynga Highlight Baird’s Top Internet Ideas for 2020

    The 20th century’s third decade came to be known as the roaring 20s. It was a period characterized by economic prosperity and cultural activity that saw massive development in movies, radio, cars, telephones, and electrical appliances.Will the 2020s have a similar impact? The decade follows a record breaking 10 years in the market, with accelerating new tech developments and our lives connected by the world wide web. In a recent note to clients, Baird analyst Colin Sebastian lays out some thoughts on the incoming decade and the role the internet will play in it. Additionally, the analyst makes the case for the company’s top internet picks for the year ahead.Sebastian said, “After a bustling decade highlighted by mobile apps, cloud computing and AI/machine learning, the Internet sector remains, in our view, an attractive area of investment. We see a bounty of meaningful technology transitions on the horizon - some more disruptive than others - creating new opportunities and risks, but presumably leading to faster and more useful applications that are accessible to a greater number of people.”With this in mind, we used TipRanks’ Stock Comparison tool to line up the 5-star analyst’s two picks alongside each other to see what the early 2020s have in store for both. Let’s browse the details.Amazon.com Inc. (AMZN)As everyone knows, what begun as an online bookstore is now one of the world’s biggest companies. According to Sebastian, one of the reasons Amazon remains so appealing is its status as an all-encompassing platform, highlighting Amazon’s “widening scope of operations and expanding market opportunities.” Apart from e-commerce, Amazon has a foothold in cloud computing, logistics, advertising, and streaming.While Amazon’s online shopping store is the segment it is still most identified with, and one set to provide further growth, other parts of the operation are not lagging behind; Having done away with external logistics companies to take care of deliveries, Amazon is on its way to becoming one of the largest logistics and transportation companies in the US. Furthermore, Amazon’s advertising revenue is estimated to reach $17.6 billion in 2020, which will represent growth of 36% year-over-year. This figure could rise to $46 billion by 2025, according to the estimates.What could drive Amazon’s long-term growth more than anything, though, is its cloud computing segment. Despite AWS sales only accounting for $25.1 billion of the $193.1 billion in net sales through the first three quarters of 2019, the service is growing much faster than its e-commerce counterpart and is already generating more operating income. Compared to the prior-year period, in the first nine months of 2019, AWS has grown by 38%.While 2020 will see more regulatory concerns regarding big tech companies, Sebastian plays down their impact and thinks the "bark" is probably bigger than the "bite". The analyst cites “slowing innovation” and “management distraction” as bigger risks.Sebastian concludes, “We highlight AMZN given ongoing secular e-commerce strength; relative underperformance of shares vs. mega-cap peers; improving margin optics beginning in Q2/2H; and significant growth opportunities in commerce, shipping/ logistics, advertising, cloud, payments, and international.”It’s not surprising to learn, then, that Sebastian reiterated an Outperform rating on Amazon, along with a price target of $2,080. This conveys the 5-star analyst’s belief that Amazon can add an extra 11% to its share price over the next year. (To watch Sebastian’s track record, click here)As it happens, the Street is even more bullish than the Baird analyst. A Strong Buy consensus rating breaks down into 39 Buys and a single Hold. With an average price target of $2,149.94, the Street sees another 15% being added to the e-commerce giant’s share price in the next 12 months. (See Amazon stock analysis on TipRanks)Zynga (ZNGA)Sebastian’s other Top Pick is social game developer, Zynga. Zynga’s most famous game is Farmville, which was the first game on Facebook to reach 10 million daily active users. Other titles include Zynga Poker and Words with Friends.Sebastian said, “Mostly, we like Zynga for the visibility from live services, new title launches, potential for more M&A, and 2H improvement in EBITDA margins. Also, we note console transition-year volatility is a bigger near-term risk for traditional game publishers.”The 5-star analyst kept his Outperform rating on Zynga, alongside a price target of $8. Investors stand to take home a 28% gain should Sebastian’s thesis play out.Zynga IPO’d in 2011 and since then, its share price hasn’t been as high as during its first few months as a public company. 2019, though, saw it trading back at levels not seen since 2012. Zynga outperformed the market last year, gaining 56%, as well as posted encouraging figures in its latest earnings report; 3Q19 represented the best quarterly revenue and bookings in its history. This prompted the company to boost its revenue and bookings guidance for all of 2019 for the second time in a year. The growth comes off the back of some big acquisitions; Zynga bought Gram Games for $250 million in 2018 and followed that up with the $560 million purchase of an 80% stake in Small Giant Games. The former is the creator of the popular Merge Dragons, while the latter counts Empires & Puzzles among its titles.Cowen’s Doug Creutz is a fellow fan of Zynga. The 5-star analyst also named Zynga as a ‘’best idea for 2020’’ and called it "the most consistent company in the mobile gaming vertical over the last few years." Creutz, too, reiterated an Outperform rating on the game developer, and kept his $7 price target. (To watch Creutz’s track record, click here)So, what does the rest of the Street think of the analysts’ top pick for 2020? Zynga has a Moderate Buy rating, which breaks down into 3 Buys, 2 Holds, and 1 Sell. An average price target of $7.03 indicates possible upside of 15%. (See Zynga price targets and analyst ratings on TipRanks)