Zynga Stock (ZNGA) was on my radar for a while then I forgot about this fast growing mobile gaming company. The company generated over $1 billion in total revenue in FY 2019 and looks to benefit from the rise in smartphone use during the global quarantine.
ZNGA stock has return 25% CAGR over the last 5 years and the company looks stronger than ever. In this Zynga stock analysis, I'll talk about whether I think the stock is a good long term buy.
Zynga Stock Prediction: $10 by 2021
My prediction is Zynga continues to grow in value as more people embrace mobile gaming and 5G. The stock continues to rise along with revenue and a big increase in mobile gaming interest.
Why? There is a major ongoing shift from desktop to mobile gaming and advertisers will follow. User pay should increase too.