Zynga $ZNGA is a firm that creates online video games. Zynga Inc. is based in California. Currently, the company employs over one thousand individuals. The games provided by the company were played by over 10 percent of the people worldwide and their customers are increasing day by day.
What does it offer?
The business also aims to release FarmVille 3 on smartphones, which will likely result in better sales growth for Zynga in the future. In addition, the firm will introduce a free Star Wars gaming apps, which is intended to boost user numbers as well as sales. ReVamp, a social trickery game, was also launched by Zynga.
The company’s stock has been down 6.5 percent in the last week and is down 22 percent year to date. Since it was reporting slow Q2 earnings in mid-August, ZYNGA stock has been steadily declining. Despite the current takeover of Rollic, revenue fell far of analyst expectations, there are growing doubts about Zynga’s ability to produce major profit growth in the next decades.
Zynga Inc. Stock Forecast
Patience is necessary
If you invest and retain Zynga stock, you may take some profit but if the firm is somewhat healthy. Ultimately, facts and Trefis’ machine learning engine estimates show that patience returns off in mostly stocks!
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