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Wells Fargo Maintains a Buy Rating on Zynga (ZNGA)

In a report released today, Brian Fitzgerald from Wells Fargo maintained a Buy rating on Zynga (ZNGAResearch Report), with a price target of $9.86. The company’s shares closed last Thursday at $9.17.

According to TipRanks.com, Fitzgerald is a top 100 analyst with an average return of 29.9% and a 66.7% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as Integral Ad Science, LiveRamp Holdings, and Alphabet Class A.

Zynga has an analyst consensus of Moderate Buy, with a price target consensus of $10.04, implying a 10.9% upside from current levels. In a report issued on February 4, Wedbush also maintained a Buy rating on the stock with a $9.86 price target.

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The company has a one-year high of $12.32 and a one-year low of $5.57. Currently, Zynga has an average volume of 34.46M.

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Zynga, Inc. provides social game services. It develops, markets and operates social games as live services played on mobile platforms such as Apple’s iOS operating system and Google’s Android operating system, and social networking sites such as Facebook. It offers Chess with Friends, Crazy Cake Swap, Draw Something, FarmVille, Gems with Friends, Ice Age: Arctic Blast, Looney Tunes Dash, Speed Guess Something, What’s The Phrase, Wizard of Oz Magic Match, Yummy Gummy, Free Slots, Black Diamond Casino, Hit It Rich, Zynga Poker and Willy Wonka Slots. The company was founded by Mark Jonathan Pincus on April 19, 2007 and is headquartered in San Francisco, CA.

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