Glu Mobile: Realistic 2020 Projections?
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.