ZNGA - Zynga Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
6.10
-0.29 (-4.54%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close6.39
Open6.41
Bid6.12 x 40700
Ask6.13 x 36200
Day's Range6.09 - 6.42
52 Week Range4.32 - 6.92
Volume33,677,623
Avg. Volume14,214,170
Market Cap5.77B
Beta (5Y Monthly)0.28
PE Ratio (TTM)122.00
EPS (TTM)0.05
Earnings DateFeb 04, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est7.51
  • 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)

  • Business Wire

    Zynga to Discuss Fourth Quarter and Full Year 2019 Financial Results on February 5, 2020

    Zynga to Discuss Fourth Quarter and Full Year 2019 Financial Results on February 5, 2020

  • 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.

  • Business Wire

    Words With Friends Rings in the New Decade with Social Campaign #WordsWithVision

    Words With Friends Rings in a New Decade with Social Campaign, WordsWithVision

  • 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)

  • Barrons.com

    Why These Internet Stocks Can Take Off in 2020

    Not all technology stocks beat the market last year. To take a look, we asked two veteran internet analysts—Mark Mahaney of RBC Capital Markets and Colin Sebastian of Baird—for their top picks for 2020. Mahaney believes that the internet stocks’ relative underperformance sets up the sector for strong multiyear returns.

  • FarmVille Maker Zynga Is Booming Again
    Bloomberg

    FarmVille Maker Zynga Is Booming Again

    (Bloomberg) -- Frank Gibeau had only just become Zynga Inc.’s CEO, but he had to deliver some bad news.The once-high-flying company, which shot to fame with Facebook games such as FarmVille, was now in trouble. At an all-hands meeting in Zynga’s cafeteria in March 2016, Gibeau put up a slide showing its return on equity compared with video-game peers. The room was very quiet.“I showed them that we are the worst of the worst,” he recalled in an interview. “We are generating less return than everybody else in the industry.”Fast-forward three years, and the mood is very different. The company increased its guidance three times last year. Profit margins have rebounded, and sales are growing at their fastest pace since the game developer went public in 2011. Zynga is “on track to be one of the fastest-growing -- if not the fastest-growing -- gaming company at scale,” Gibeau said.Zynga shares have nearly tripled to $6.15 since Gibeau, now 51, took over as chief executive officer. That includes a 56% gain in 2019, eclipsing the S&P 500’s 29% increase.The stock is still far below its post-IPO high set in 2012, when the exuberance around social media propelled Zynga to almost $16. But shareholders and Wall Street analysts are embracing the company again.“Investors like a good turnaround story,” said Colin Sebastian, an analyst at Robert W. Baird & Co.Along the way, Gibeau reinvented what Zynga is about. It now makes only a sliver of its money from Facebook-based games, which gave the company a reputation for delivering endless requests and notifications to social-media users.Instead, Zynga focuses on stand-alone titles that consumers play on their phones. They include Words With Friends, Zynga Poker, and Merge Dragons!, which lets players combine dragon eggs and treasures to produce skills and objects.Zynga also has used acquisitions to dial up growth. In 2018, it agreed to buy controlling stakes in Small Giant Games for about $560 million and Gram Games for $250 million. And it has a war chest of cash and short-term investments that’s approaching $1.5 billion, which could be used for additional deals. To raise money, Zynga has sold bonds and made more than $300 million from unloading its San Francisco headquarters in a leaseback deal last year.Spending SpreeThe idea is to create a mini-empire of game studios and franchises, said Gibeau, a veteran of Electronic Arts Inc.“We see a lot of opportunities to acquire assets that would grow value for shareholders,” he said. “We want to put those dollars to use.”Zynga is preparing to reinvent itself again by embracing new platforms and devices -- no matter what they may end up being.“Ten years from now, I know for a fact that the platforms will be different,” he said. “There could be other platforms -- like streaming platforms, cloud-based gaming.”The video-game consoles that dominated the industry for so long may not exist in a decade, opening the door to other options, Gibeau said. “I want our games to be playable on anything, even if it’s a toaster or refrigerator.”Zynga has already jumped onto Snapchat. And while it hasn’t provided details on what else is in the works, the company is developing a new multiplatform strategy.“We have a saying, ‘Make platform transition your friend,’” Gibeau said. “You can turn yourself out of position, which frankly Zynga did by being so focused on Facebook.”When Zynga struggled to pull out of its slump, co-founder Mark Pincus recruited Gibeau out of retirement. Though Gibeau was only in his 40s, he’d already spent 25 years at Electronic Arts and helped turn that company around.“I really wasn’t looking for a job,” Gibeau said. “I was getting in shape. I was flying airplanes. I was looking to apply for a master’s program in history. I was spending time with my kids, traveling.”But Bing Gordon, a fellow Electronic Arts veteran who served on Zynga’s board, approached Gibeau for help on behalf of Pincus. A 30-minute chat over coffee with Pincus turned into a three-hour meeting, and Gibeau soon joined Zynga’s board. He found himself visiting the company once a week, then everyday, and he was asked to become CEO.“I just fell in love with the place -- I love turnarounds,” Gibeau said. “I learned a lot from the failures at EA. I looked at it and thought, ‘Man, this is perfect.’ I knew exactly what to do here.”The biggest task was focusing. Under Gibeau’s new management team, Zynga went from working on about 140 projects to a dozen games.The company concentrated on so-called live services -- basically, providing new content for existing games on an ongoing basis -- and tried to make its games more complex and engaging. It also invested in titles tied to movie franchises, such as Harry Potter and Star Wars. And Zynga expanded into Asia and other markets.‘Firm Footing’“The company has significant live-services expertise and has a strong advertising platform, so it can help rapidly scale promising games as they come to market,” said Matthew Kanterman, an analyst at Bloomberg Intelligence. “All in, Zynga is on firm footing for the next few years.”Zynga’s comeback is far from complete. Its profit margins still trail those of peers, and its ability to catch up will depend on the games it releases in 2020 and beyond.But the company has a happier workforce -- and takeover targets actually want to be acquired by Zynga. That wasn’t the case a few years ago, said Mike Hickey, an analyst at Benchmark Co.“Frank and his management just reset the culture and what the market perceives Zynga to be,” he said. “You stop worrying about losing your job and start getting excited about the bonus you make because you’ve hit your goals. That’s the biggest step in a turnaround.”To contact the reporter on this story: Olga Kharif in Portland at okharif@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Rob Golum, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • 3 Big Stock Charts for Friday: Wynn Resorts, Veeva Systems, and Zynga
    InvestorPlace

    3 Big Stock Charts for Friday: Wynn Resorts, Veeva Systems, and Zynga

    U.S. stocks are not slowing down as 2020 nears. All three broad market indices once again reached new highs on Thursday. The S&P 500 has gained more than 29% so far this year. The NASDAQ Composite cleared 9,000 for the first time on Thursday.Source: Shutterstock With the geopolitical situation calm and impeachment apparently stalled out, there's seemingly little resistance ahead at the moment. That's not the case, however, for Friday's big stock charts. * 7 Stocks to Buy to Get 2020 Started the Right Way In fact, resistance is the theme of these big stock charts. One of these names already has faltered and is trying to rebound. The other two are looking to re-take past highs. But the common thread is that all three of these stocks are looking for a breakout in the midst of a broad market that continues to rise.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Wynn Resorts (WYNN)Source: Provided by Finviz When we called out Wynn Resorts (NASDAQ:WYNN) in 3 Big Stock Charts at the beginning of November, the stock looked set to stall out. That turned out to be the case, as shares sputtered for several weeks. But two pieces of positive news have changed the outlook -- and the WYNN stock chart: * Wynn shares first jumped on Dec. 12, as China announced plans to make Macau a key financial center. WYNN stock gained 9.5% on that news, as investors saw the news as driving demand for Wynn properties in that Chinese enclave. Six days later, the central government delivered more good news, increasing the daily limit on remittances from the mainland, and WYNN again gapped up. * On their own, neither of those developments seem to move the needle. But they add to the sense that Chinese leaders see Macau in an increasingly positive light amid protests in Hong Kong. Central government policies have impacted gaming revenue and stocks of casino operators in the region; anti-corruption measures interrupted growth earlier this decade, and WYNN still trades 40% below early 2014 highs. * The twin jumps allowed WYNN to break out of a usually bearish descending triangle. Moving averages have been easily cleared. And volume has been relatively solid during this rally. The question now is if WYNN can trade clear of $140, which acted as resistance in July. From there, $150 is in the next key level before Wynn stock reaches an 18-month high. * Click to Enlarge Source: Provided by Finviz For market bulls, a bet on a breakout seems wise. The resolution of the trade war, assuming it holds, obviously adds to the bullish sentiment toward the stock. Valuation is reasonable. As long as the external environment holds, WYNN has a real chance to break out. The same is true for rival Las Vegas Sands (NYSE:LVS), an intriguing choice for income investors bullish on the region. Veeva Systems (VEEV)Source: Provided by Finviz Veeva Systems (NYSE:VEEV) has been left out of the market's rally for over five months now. The stock has challenged $170 on a pair of occasions, and quickly receded each time. But the second of Friday's big stock charts shows a name back at support. At these levels, VEEV stock looks interesting -- even if it admittedly still looks expensive: * $140 has held as support on multiple occasions over the past few months, which suggests potential for a bounce. There are some technical concerns, however. There's a modest descending triangle pattern underway. And VEEV stock saw a so-called "death cross" earlier this month, with the 50-day moving average falling beneath the 200-day. * Still, there's an intriguing case here. Veeva has established a dominant market position in life sciences software. Growth has been torrid for years now. And while VEEV stock is expensive at 56x forward earnings, it's not terribly so in the context of high-growth software names. On an earnings basis, VEEV trades roughly in line with Salesforce (NYSE:CRM). Still-unprofitable SaaS (software-as-a-service) names like Okta (NASDAQ:OKTA) and Datadog (NASDAQ:DDOG) trade at a premium relative to revenue. * More broadly, valuation hasn't been much of an issue in the SaaS (software-as-a-service) space. It's not entirely clear why it has been for VEEV stock in the second half of 2019. It's not as if there has been a downside catalyst: Veeva delivered another beat-and-raise quarter late last month. Historically, that had been enough for upside. It may well be again in 2020. Zynga (ZNGA)Source: Provided by Finviz Zynga (NASDAQ:ZNGA) stock touched a seven-year high this summer. But, since then, the third of our big stock charts shows clear resistance. The question is whether ZNGA finally can break through: * There's some reason to think that it can. An ascending triangle pattern usually leans bullish. The stock has cleared near-term moving averages and continues to grind higher. Resistance has been stout, but ZNGA stock looks like it's mounting a legitimate challenge. * As with VEEV, there's a relative valuation case for the stock as well. Zynga stock isn't necessarily cheap at 24x forward earnings, particularly given that analysts see flat bottom-line performance in 2020. But a large cash hoard helps the cause, and ZNGA stock certainly is cheap by tech standards. * Put another way, there simply aren't a lot of stocks that offer both value and the potential for growth. Zynga has both, given its $1.4 billion in cash targeted for acquisitions. The risk here is that the company's successful turnaround largely has run its course. Investors in this market may be willing to bet otherwise.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy to Get 2020 Started the Right Way * 10 Best ETFs for 2020: The Competition Is Stacked Full of Potential * 4 Gold Stocks to Buy as the Yellow Metal Surges The post 3 Big Stock Charts for Friday: Wynn Resorts, Veeva Systems, and Zynga appeared first on InvestorPlace.

  • 2019 Review: Top Hedge Fund Stocks vs. Zynga Inc (ZNGA)
    Insider Monkey

    2019 Review: Top Hedge Fund Stocks vs. Zynga Inc (ZNGA)

    It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]

  • BYD vs. ZNGA: Which Stock Should Value Investors Buy Now?
    Zacks

    BYD vs. ZNGA: Which Stock Should Value Investors Buy Now?

    BYD vs. ZNGA: Which Stock Is the Better Value Option?

  • Zynga (ZNGA) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Zynga (ZNGA) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, Zynga (ZNGA) closed at $6.20, marking a +0.98% move from the previous day.

  • Activision Rides on Franchise Strength & New COD Release
    Zacks

    Activision Rides on Franchise Strength & New COD Release

    Activision Blizzard (ATVI) is benefiting from franchise strength. The introduction of Call of Duty: Modern Warfare Battle Pass is expected to boost revenue growth.

  • Benzinga

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