Is Zynga a good stock to buy in 2021?

It has a massive global reach across 175 countries and regions, but with 2021 bookings expected to be $2.8 billion, Zynga is still a very small company in the $90 billion mobile game market. The wide gap between annual bookings and the size of the market is exactly what growth investors want to see.

What will Zynga be worth in 5 years?

Zynga Inc – Class A quote is equal to 7.665 USD at 2021-09-22. Based on our forecasts, a long-term increase is expected, the “ZNGA” stock price prognosis for 2026-09-18 is 18.939 USD. With a 5-year investment, the revenue is expected to be around +147.08%. Your current $100 investment may be up to $247.08 in 2026.

Is Zynga expected to grow?

Analysts definitely have varying views on the business, but the estimates mostly suggest an upside for the business. There is an anticipation that Zynga’s revenue growth will slow down, with revenues to the end of 2021 expected to display 19% growth on an annualized basis.

Is Zynga losing money?

The company reported a loss of $122 million, or 11 cents a share, compared with net income of $230 million, or 24 cents a share, in the year-ago quarter. (Last year, Zynga benefited from the sale of its building in San Francisco.) Bookings, a key indicator of Zynga’s business, jumped 59% to $628 million.

Is Zynga a buy hold or sell?

Zynga has received a consensus rating of Buy. The company’s average rating score is 2.87, and is based on 14 buy ratings, no hold ratings, and 1 sell rating.

Why is Zynga stock so low?

This can primarily be attributed to two factors – 1. reopening of economies resulting in lower user engagement levels, and 2. Apple’s ad-tracking changes resulting in higher player acquisition costs for Zynga. Following a dismal Q2, and lowered guidance, ZNGA stock plummeted 18% in a single trading session on Aug 6.

Why is Zynga dropping?

Zynga’s stock dropped soon after the report also identified a softening mobile market, user privacy concerns and a loss of players as COVID-19 restrictions ease up. Still, according to CEO Frank Gibeau, the course that brought Zynga back from its death watch is one worth keeping.

Is Zynga a good buy Zacks?

Zacks’ proprietary data indicates that Zynga Inc. is currently rated as a Zacks Rank 5 and we are expecting a below average return from the ZNGA shares relative to the market in the next few months. The financial health and growth prospects of ZNGA, demonstrate its potential to underperform the market.

Is Zynga stock undervalued?

Furthermore, our forecast indicates that Zynga’s valuation is $14 per share, which is 40% above the current market price of around $10, implying that ZNGA stock is undervalued at its current levels. Our interactive dashboard analysis on Zynga Pre-Earnings has additional details.

Is ZNGA a buy or sell?

Out of 9 analysts, 7 (77.78%) are recommending ZNGA as a Strong Buy, 1 (11.11%) are recommending ZNGA as a Buy, 0 (0%) are recommending ZNGA as a Hold, 1 (11.11%) are recommending ZNGA as a Sell, and 0 (0%) are recommending ZNGA as a Strong Sell. What is ZNGA’s earnings growth forecast for 2021-2023?

What is the full year guidance for Zynga?

Zynga is experiencing strong momentum during the COVID-19 crisis. On June 1, management raised its full-year guidance and now expects bookings to be up 18% year over year to reach $1.84 billion. Adjusted EBITDA, which is often used as a proxy for cash from operating activities, is expected to more than double to $223 million.

How much money has Zynga spent on acquisitions?

Zynga ( NASDAQ:ZNGA) has been very successful in recent years using acquisitions to fuel its revenue growth. Since 2011, Zynga has spent billions on these acquisitions, typically with small-size deals.

What’s the long term profit margin for Zynga?

Long term, Zynga is targeting an adjusted EBITDA margin of 30%. It currently generates 12% relative to net bookings based on 2020 guidance. One analyst during the call asked how Peak will get Zynga to its 30% goal.

Is the Motley Fool a shareholder of Zynga?

John Ballard has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Zynga. The Motley Fool has a disclosure policy.

Is Zynga a good stock to buy in 2021? It has a massive global reach across 175 countries and regions, but with 2021 bookings expected to be $2.8 billion, Zynga is still a very small company in the $90 billion mobile game market. The wide gap between annual bookings and the size of the market…