Zynga Soars as Analysts Rave About `Compelling Investment'
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Zynga Inc. shares surged to a seven-year high on Thursday, after the company reported first-quarter results that beat expectations and lifted its full-year outlook.
Analysts were essentially unanimous in their praise, with at least five firms raising their price targets on the stock, touting the momentum in its live services business, as well as the success of recent acquisitions. Also in view was the company’s gross booking, which jumped to their highest level on record.