|Bid||10.91 x 36100|
|Ask||10.87 x 36100|
|Day's Range||10.74 - 11.16|
|52 Week Range||7.57 - 12.32|
|Beta (5Y Monthly)||0.09|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 03, 2021 - Aug 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.25|
Analysts expect the $77.2 billion mobile gaming industry to expand at a compound annual growth rate (CAGR) of 14% until 2025 because of improving technology and higher smartphone penetration. Zynga is a great way to bet on this opportunity because it focuses on mobile games and has lower exposure to slower-growing sides of the industry. Rivals Activision Blizzard and Electronic Arts both have mobile gaming subsidiaries.
Roblox (NYSE: RBLX) is set to report its first-quarter earnings after the market close on Monday, May 10. Investors will be closely watching how well Roblox is monetizing its users, since much of the content on the platform is free. One of the metrics management uses to evaluate the company's performance is average bookings per daily active user.
Zynga's better-than-expected first-quarter earnings and its $250 million acquisition of an ad-tech company are reason enough to buy the stock, according to BofA Securities.