Zynga stock has steadily moved higher since 2016, and with the 2019 rally extending into 2020, it has now moved to highs not seen since soon after the IPO.
Full Answer
What's going on with the Zynga stock?
Zynga Shares Skyrocket On Take-Two Buyout: What's Going On With The Stock Chart? Zynga Inc. ZNGA shares were trading significantly higher Monday after the company announced it will be acquired by Take-Two Interactive Software Inc. TTWO.
Will Zynga be acquired by Take-Two?
Zynga Inc. ZNGA shares were trading significantly higher Monday after the company announced it will be acquired by Take-Two Interactive Software Inc. TTWO. Zynga stockholders will receive $3.50 in cash and $6.36 in shares of Take-Two common stock for each share of Zynga common stock outstanding at the closing of the transaction.
Is ZNGA stock a good bet to buy right now?
Meanwhile, on Wall Street, ZNGA stock was sometimes thought of as a cheap way to get exposure to an up-and-coming gaming company. In recent years, however, investors have started to take the gaming market more seriously. Billions of dollars are at stake, and the onset of Covid-19 seemingly made video games more popular than ever before.
Is Zynga Expected to Rise?
The 15 analysts offering 12-month price forecasts for Zynga Inc have a median target of 9.86, with a high estimate of 11.00 and a low estimate of 7.80. The median estimate represents a +28.55% increase from the last price of 7.67.
What is the forecast for Zynga stock?
Average Price Target Based on 9 Wall Street analysts offering 12 month price targets for Zynga in the last 3 months. The average price target is $8.92 with a high forecast of $10.00 and a low forecast of $7.80. The average price target represents a 9.05% change from the last price of $8.18.
Is Zynga a good stock to buy now?
During the day the stock fluctuated 0% from a day low at $8.18 to a day high of $8.18....Predicted Opening Price for Zynga Inc. of Monday, June 6, 2022.Fair opening price June 6, 2022Current price$8.18$8.18 (Undervalued)
What will happen to my Zynga stock?
Shares of Zynga will cease trading after the market close on May 20, 2022, and following the closing, Zynga will no longer be listed on the NASDAQ exchange.
Is Zynga a good stock Reddit?
Zynga reported strong Q4 results. The company guided to 2022 bookings of $3.1 billion based on double-digit growth. The stock remains cheap as other industry players trade at multiples equivalent to Zynga trading at $17. The company has a cash balance of $1.57 billion.
What is the forecast for Apple stock?
Stock Price Forecast The 39 analysts offering 12-month price forecasts for Apple Inc have a median target of 190.00, with a high estimate of 219.94 and a low estimate of 145.00. The median estimate represents a +44.45% increase from the last price of 131.53.
Is Zynga a good stock to buy 2021?
In fact, at the current market price of $10, ZNGA stock is trading at just 22x its 2021 EPS estimate of $0.45. We continue to believe that Zynga deserves a higher P/E multiple given the strong revenue and earnings growth delivered over the recent past, a trend expected to continue going forward, as well.
Is Zynga a buy hold or sell?
Zynga has received a consensus rating of Hold. The company's average rating score is 2.35, and is based on 6 buy ratings, 11 hold ratings, and no sell ratings.
What happens to Zynga stock after merger?
Under the terms of the merger agreement, Zynga shareholders received $3.50 in cash and 0.0406 shares of Take-Two common stock per share of Zynga common stock. The deal, which was first announced in January, will bring Zynga's popular games under Take-Two ownership, including Farmville and Words With Friends.
Will Zynga be acquired?
Take-Two Interactive has officially acquired social and mobile gaming company Zynga. The $12.7 billion acquisition, announced in January, was completed Monday. The combined company will bring a new slate of popular games to Take-Two, including Zynga's Farmville, Words with Friends and Zynga Poker.
Who is buying Zynga?
Take-Two InteractiveTake-Two Interactive just made the biggest acquisition in the history of the video game industry, agreeing on Monday to buy arguably the most well-known name in social gaming, Zynga, for $12.7 billion.
What happens when a stock is delisted?
If a company has been delisted, it is no longer trading on a major exchange, but the stockholders are not stripped of their status as owners. The stock still exists, and they still own the shares; however, delisting often results in a significant or total devaluing of a company's share value.
Is Zynga a good stock to buy 2021?
In fact, at the current market price of $10, ZNGA stock is trading at just 22x its 2021 EPS estimate of $0.45. We continue to believe that Zynga deserves a higher P/E multiple given the strong revenue and earnings growth delivered over the recent past, a trend expected to continue going forward, as well.
What will Zynga stock be worth in 5 years?
Based on our forecasts, a long-term increase is expected, the "ZNGA" stock price prognosis for 2027-05-19 is 13.417 USD. With a 5-year investment, the revenue is expected to be around +64.03%. Your current $100 investment may be up to $164.03 in 2027.
Is Zynga a Buy Sell or Hold?
Zynga stock has received a consensus rating of buy. The average rating score is and is based on 18 buy ratings, 8 hold ratings, and 2 sell ratings.
What happens to Zynga stock after merger?
Under the terms of the merger agreement, Zynga shareholders received $3.50 in cash and 0.0406 shares of Take-Two common stock per share of Zynga common stock. The deal, which was first announced in January, will bring Zynga's popular games under Take-Two ownership, including Farmville and Words With Friends.
Key Points
Zynga stock is surging following news that Take-Two will buy the company for $9.86 per share.
NASDAQ: ZNGA
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What happened
Zynga ( ZNGA 1.32% ) stock is soaring today following news that the company is set to be acquired by Take-Two Interactive ( TTWO 0.64% ) in a $12.7 billion cash-and-stock deal. The mobile-focused video game publisher's share price was up roughly 45% as of noon ET.
So what
After soaring for much of 2020 and the beginning of 2021, Zynga's share price had retreated following a diminished growth outlook for its advertising-focused, ultra-casual games and a broader pullback for video game stocks.
Now what
Zynga stock currently trades at roughly $8.69 per share, which suggests roughly 13.5% additional upside based on the stated buyout price. The acquisition is on track to be completed by June 30, but it's still subject to gaining approval from Take-Two and Zynga shareholders and meeting necessary regulatory conditions.
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