Glu Mobile Set To Crush Q1 Guidance
- The new celebrity game is a big hit even prior to the official release.
- The Kendall & Kylie game brings an additional game into the celebrity theme to test the ability to incrementally grow the concept.
- Based on initial success, Glu Mobile is on pace to smash Q1 guidance.
After the failed release of the Katy Perry Pop game, Glu Mobile (NASDAQ:GLUU) sank an incredible amount. The stock fell all the way to a low of $1.98 with the recent market selloff, but my recommendation remained firm that large opportunities existed for a big rebound.
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