3 Buzzing Social Media Stocks: Twitter Potential May be Reflected, Instagram on Windows Phone, Zynga Wins in Court
Twitter Inc. (NYSE:TWTR): Though he commends Twitter’s future potential, Cantor analyst Youssef Squali has pulled his Buy rating on the stock, citing valuation concerns. ”While we’re impressed with Twitter’s growth and future potential, we believe the current valuation already reflects much of this potential,” Squali said, adding that the firm prefer’s Facebook’s (NASDAQ:FB) numbers to the microblogging service.
Facebook (NASDAQ:FB): Facebook’s Instagram brand is finally coming to Windows Phone, with an app available for devices equipped with the operating system this week. However, the product has not come without its share of criticism; right now, users must take a photo using the phone’s camera and then upload it to the program, rather than being able to shoot a photo directly using Instagram.
Zynga (NASDAQ:ZNGA): Zynga has won a lawsuit against Personalized Media Communications, potentially saving the company up to $25 million in fines. Part of the lawsuit centered on the so-called “generating step,” a process by which coins in a game are given out but then more are needed to complete certain actions. Zynga has maintained that it has done nothing wrong throughout the trial.
Don’t Miss: Analysts Radio in a New Pandora Stock High.