Glu Mobile August volatility elevated into Q2 and outlook Glu Mobile August call option implied volatility is at 90, September is at 74, January is at 63; compared to its 26-week average of 75 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 30.
Glu Mobile price target raised to $9 from $7 at Stifel Stifel increased its price target on Glu after attending the company's Investor Day, as the firm is more upbeat on the company's fundamentals after Glu introduced long-term financial targets. The firm says it is pleased by the visibility that Glu provided and keeps a Buy rating on the stock.
Glu Mobile growth forecasts achievable and possibly conservative, says Canaccord Canaccord came away from the Glu Mobile analyst day believing management's view of 20%+ annual top-line growth is not only achievable but may prove to be conservative. The firm sees the company leveraging its gaming communities and recognizable star power to drive growth and reiterated its Buy while raising its price target to $9 from $8 on Glu Mobile shares.