Is Zynga doing well?

If the only criterion considered for acquiring Zynga was its revenue growth history, then Take-Two

Take-Two

Take-Two Interactive Software, Inc. is an American video game holding company based in New York City and founded by Ryan Brant in September 1993. Take-Two Interactive Software, Inc. The company owns two major publishing labels, Rockstar Games and 2K, which operate internal game development studios.

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Take-Two Interactive - Wikipedia

most probably did well. The annual revenue growth of Zynga for 2019-2021 was consistently above 40%.

What is happening with Zynga?

Strauss Zelnick, Take-Two Interactive chairman and CEO, joins 'Closing Bell' to discuss the state of the video game industry, including his company's acquisition of Zynga.

Is Zynga still a good buy?

Zynga Financial Outlook

Analysts generally believe Zynga is underweight and its stock price target is estimated at a $12.00 value. Its price-to-sales ratio is over 33% lower than it was a year ago, but it's operating cash flow of $161 million last quarter is an 11 percent year-over-year increase.

Why is Zynga stock so low?

For perspective, Zynga was a market-beating investment in 2020, up 61%. But 2021's underperformance has caused Zynga stock to fall to levels not seen since May 2019. Because of this, its cumulative three-year returns are now losing to the market.

Is Zynga a hold or sell?

At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Is Zynga Stock a Good Buy? $7 now

How high will Zynga go?

ZNGA Stock Forecast FAQ

Based on analyst ratings, Zynga's 12-month average price target is $8.92.

Is Zynga a good long term investment?

Zynga's gross margin has been in long-term decline, losing an average of -2.6% per year. That's not inspiring. Zynga has a debt/equity ratio of 0.47 as per the latest quarter, which is not either bad or good. Zynga for the fiscal year 2021 reported higher long-term debt, lower short-term debt and lower cash.

Will Zynga stock go up?

(3) ZNGA stock has some more room for growth

We estimate Zynga's Valuation to be $10 per share, which is 10% above its current market price of $9. This represents a P/E multiple of 32x for the company based on Zynga's expected EPS of $0.32 for 2021.

Why Zynga is a good investment?

In the most recent quarter, total revenue up 59% year over year. Daily users up 86% year over year, but that advertising revenue, up over 100% year over year. We're really seeing that monetization through advertising channels really take off for Zynga, really flexing the muscle.

Is Zynga a takeover target?

Take-Two Interactive Software will dramatically expand its mobile division with the acquisition of Zynga in a cash and stock deal valued at $12.7 billion.

Will Zynga stock recover?

Zynga Inc quote is equal to 8.180 USD at 2023-03-26. Based on our forecasts, a long-term increase is expected, the "ZNGA" stock price prognosis for 2027-05-21 is 13.617 USD. With a 5-year investment, the revenue is expected to be around +66.47%. Your current $100 investment may be up to $166.47 in 2028.

What will happen to my Zynga shares?

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 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.

Who wants to buy Zynga?

Take-Two has officially completed its $12.7 billion deal for social game developer Zynga, the two companies announced Monday. With the acquisition, Take-Two not only takes ownership of big Zynga franchises like FarmVille but also gets access to Zynga's expertise building hugely popular free-to-play mobile games.

Who is taking over Zynga?

Like its fellow peers in the major publishing market, Take-Two Interactive needs a mobile strategy. Take-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.

Why did Zynga close?

According to TechCrunch, Zynga is shutting down, stopping accepting new players, or pulling from the app stores 11 of its games. According to the company, keeping some of these games up was too much strain on the company and was costing it money that it couldn't afford.

Is Zynga making money?

In 2021, social gaming company Zynga generated a total revenue of 2.8 billion U.S. dollars, it's highest annual result yet and a significant improvement from the 1.98 billion U.S. dollars in the previous year.

Why would Take-Two buy Zynga?

Adding Zynga's stable of app developers is meant to help Take-Two roll out more smartphone versions of its popular titles. Zynga will also help Take-Two expand its revenue from so-called recurrent consumer spending, in which players pay for new content and upgrades within games.

Will Zynga pay dividends?

Zynga (ZNGA) does not pay a dividend.

What stocks to keep long term?

Where is Zynga moving to?

Zynga has designated a roughly 62,000-square-foot space it leases at 1200 Park Place in San Mateo as its new corporate headquarters.

When the Zynga deal is going to close?

The deal will come to completion on Monday, May 23, 2022.

What happened to Zynga on Robinhood?

This stock is no longer active on Robinhood.