The Latest Breaking News from Zynga

JPMorgan analyst David Karnovsky upgraded Take-Two Interactive Software, Inc (NASDAQ:TTWO) to Overweight from Neutral with a price target of $175, down from $205, following a period of restriction.  With the close of the Zynga acquisition, Take-Two now offers a scaled portfolio of mobile games, apart from leading PC/console intellectual property and a pipeline of content set…

According to data from Benzinga Pro, during Q1, Zynga's (NASDAQ:ZNGA) reported sales totaled $694.90 million. Despite a 63.6% increase in earnings, the company posted a loss of $24.50 million.

Over the past 3 months, 4 analysts have published their opinion on Zynga (NASDAQ:ZNGA) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Zynga Inc (NASDAQ:ZNGA) reported first-quarter sales growth of 2% year-over-year to $691 million, missing the consensus of $745.22 million. Quarterly bookings of $695 million, down 3% Y/Y. Online game or user-pay revenue was $538 million (-3% Y/Y), and user pay bookings were $528 million (-11% Y/Y). Advertising & other revenue was $154…

The SPDR S&P 500 ETF Trust (NYSE: SPY) is off to a brutal start to 2022, down 12.1% year-to-date. Robinhood Markets Inc (NASDAQ: HOOD) has been one of the worst performers of all so far this year, dropping 43.3%.

If history is any guide, there may be good fortune ahead for shares of Zynga (NASDAQ:ZNGA). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

Within the last quarter, Zynga (NASDAQ:ZNGA) has observed the following analyst ratings:

Within the last quarter, Zynga (NASDAQ:ZNGA) has observed the following analyst ratings:

Developer of games such as “Farmville” and “Words With Friends,” Zynga Inc (NASDAQ: ZNGA), has plans to jump into blockchain-based gaming by the end of 2022.