Zynga stock a good buy

Zynga stock a good buy

Posted: v0v Date of post: 29.06.2017

Zynga ZNGA stock has many investors wondering if it has finally hit a bottom. For them, the past few months have been nothing but a series of delayed game launches and consumer snubs, not to mention a gut-wrenching drop in bookings.

zynga stock a good buy

If you see the glass half full, you may view the beat-up shares as a buying opportunity. Zynga has a solid pipeline of new games to be unveiled over the next several months.

In addition to the new football game, Zynga partnered with Tiger Woods for an expected mobile golf game launch. A Looney Tunes runner game is also expected to make its debut in time for the holidays. With a billion plus in cash and marketable securities, Zynga should have everything it needs to develop the next hit game. If anyone can drag Zynga stock out of the doldrums, it will be Don Mattrick, who was appointed as chief executive last year.

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Mattrick is a Microsoft MSFT alum who comes from the gaming-console world where he spearheaded the Xbox division. Perhaps more important is that he has a real, defined strategy for Zynga.

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That game plan is two-pronged, involving mobile and innovation. Meanwhile, the forthcoming NFL and Tiger Woods partnerships are steps in the right direction. Consumers are flocking toward more traditional games, evidenced by some impressive numbers for gaming consoles.

Investors had better hope the NFL and Tiger Woods partnerships pay off, because that might be where their value is tied up.

ZNGA is just too much of a gamble, especially when there are other stocks out there in the space that are faring much better. For now, the cons still outweigh the pros for Zynga stock.

Is Zynga Inc. (NASDAQ:ZNGA) Stock A Good Value Buy?

As of this writing, Gerelyn Terzo did not hold a position in any of the aforementioned securities. Article printed from InvestorPlace Media, http: Financial Market Data powered by FinancialContent Services, Inc. Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.

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