Northland recommends buying Glu Mobile aggressivley on weakness related to Zynga Northland recommends buying Glu Mobile (GLUU) aggressively on any weakness related to Zynga (ZNGA). The analyst said Zynga's lowered guidance was due to a push out of new mobile games at Facebook (FB) and notes Glu Mobile does not have Facebook exposure and is more diversified. Shares are Outperform rated with a $9.50 price target.
Glu Mobile price target raised to $10 from $8 at Craig-Hallum Craig-Hallum raised Glu Mobile's price target to $10 from $8 and said it sees modest upside to Q2 estimates and guidance, driven by game portfolio strength. The firm continues to see substantial upside to FY15 and FY16 consensus estimates and reiterates its Buy rating.