Glu Mobile price target raised to $8 from $5.50 at Canaccord Canaccord raised its price target on Glu Mobile to $8 from $5.50 following its Q2 results, citing strong bookings, strength from existing games, and its acquisition of Cie Games. The firm feels momentum will continue as several games are scheduled for the second half of the year and keeps its Buy rating on the stock.
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.