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Zynga: Great Reopening Pain Is Temporary

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  • Zynga barely beat Q2 analyst targets, but the company cut 2021 bookings guidance.
  • The mobile game developer outlined several key reasons for pain during the current quarter.
  • The stock is cheap at ~3x '22 bookings estimates, as Zynga will return to growth next year.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
Businesses that benefitted from COVID-19 lockdowns are starting to feel some ramifications from the reopening trade. Zynga (ZNGA) is a primary example of the stock plummeting on Q3'21 audience softness due in part to the tough comps in 2020. My investment thesis is very bullish on the mobile gaming stock, as any material sell-off provides a grand entry point to better growth in 2022.

Read the full article at Seeking Alpha

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

Update - August 12

The irrational dip appears to be hitting a bottom. 

Finviz Chart

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