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Glu Mobile: Realistic 2020 Projections?

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  • Glu Mobile provided aggressive 2020 revenue projections.
  • The long-term forecasts don't match the short-term forecasts presented in each earnings report.
  • The analysis suggests the 2020 projections are more probable due to emerging mobile-game trends and a consistent history of beating short-term targets.
  • The stock is attractively valued at around $6.50 based on the potential to smash analyst revenue estimates for 2015 and beyond.
As discussed in a previous article, Glu Mobile (NASDAQ:GLUU) provided an exceptionally large revenue target for 2020 at their Analyst Day. These targets are usually scary to see from a corporation when a business such as mobile games is inherently difficult to predict. It's best for the company to stick to beating one-year goals.

Read the full article on Seeking Alpha.


Disclosure: Long GLUU. Please review the disclaimer page for more details. 




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