Zynga takeover Omgpop approved by Wall Street analyst

Source: Internet
Author: User
Keywords Zynga
Tags analysts market market research opened outlook research research firm user

News of Science and technology Beijing time March 23, according to AllThingsD reported that despite yesterday's Zynga in the acquisition of Omgpop expensive, but Wall Street analysts generally accepted the acquisition. Zynga's shares rose 26 cents to $13.98, or 2%, in the afternoon of 22nd, when American time opened.

Equity Research, a market research firm, says Omgpop will bring a fairly attractive user base for Zynga, bullish on the outlook and raising its target share price from $13 trillion to $14. Wedbush, a brokerage that set Zynga's target price at $17 trillion, believes Zynga will accelerate its smartphone business as a result of the acquisition and bring it no more than 10% per cent of its revenue.

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