Zynga Shares Rise With UBS Upgrade to ‘Buy’
Published on:
Feb/04/2014
Social gaming giant Zynga witnessed its biggest share price surge in nearly a year Tuesday thanks to a positive upgrade.
UBS raised its rating on the game maker's stock to "buy" from "neutral," saying Zynga's core operations had begun to stabilize under the new management team and that its $527 million acquisition of mobile game developer NaturalMotion would result in more scale and innovation at Zynga.
There were also rumors of a possible partnership between Zynga and Bwin.party to offer real money online gambling in the state of New Jersey.
Zynga was priced at 4.77 at press time February 4, 2014 12:30 pm EDT
- Aaron Goldstein, Gambling911.com
