Goldman Evaluates Zynga and 4 Stocks Receive KEY Analysis
SeaChange International Inc. (NASDAQ:SEAC) is in a good position to move towards TV Everywhere tech, opines Brean Murray, who also recognizes its potential for value creation. The analyst rates shares at Buy with a price target of $11, as he says that they are inexpensive compared to those of peers, and the underlying growth rates.
Starbucks Corp. (NASDAQ:SBUX) has a “a wave of upcoming catalysts”, predicts Oppenheimer, following discussion with the firm’s management. The analyst keeps the Outperform rating and $62 price target, reporting that SBUX recognizes new products as methods with which the stores’ traffic could be reinforced this summer, as its momentum in China gathers speed.
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Electronic Arts Inc. (NASDAQ:EA) is among others in its peer group that is predicted to face lackluster sales through the remainder of 2012, as the National Purchase Diary data for May sales of console and handheld video game software fell considerably below consensus. A dearth of new title demand was blamed for the weakness, but Cowen keeps its Outrperform on Take-Two (NASDAQ:TTWO), and Activision Blizzard (NASDAQ:ATVI), as well as Electronic Arts, regardless.
Zynga (NASDAQ:ZNGA) shares have been beaten down by lockups and worries over its move to mobile, says Goldman, which nonetheless finds the company attractive, and predicts that the second quarter earnings and new product unveiling will prove to be positive growth drivers. Shares are at Buy, but the price target has slipped from $15 to $13.
Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR) keeps its Outperform with Oppenheimer, which after a conference call that described the firm’s expansion strategy into rheumatology, remains upbeat on the initiative.
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