Just over a week since rival King Entertainment made its market debut, Zynga has been given a vote of confidence from Wedbush. The firm’s optimism stems from Zynga’s mobile-first strategy which allows players access to its most popular games such as FarmVille, Zynga Poker and Words With Friends anywhere they are. Analysts predict revenues will soar to fiscal 2012 levels, over the $1-billion mark. Wedbush maintained an “outperform” rating and gave a 12-month price target of $7.
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