Active Stock Alerts: Zynga, Flowserve, DryShips, Akamai Technologies, Liquidity Services June 14th
Zynga (NASDAQ:ZNGA): Morgan Stanley said Zynga shares have been under pressure due to sector weakness, lock-up expirations and concerns over DAU declines. The firm views valuation as compelling given near-term catalysts that include upcoming releases and expiration of lock-up periods. Share are Buy rated with a $13 price target, down from $15.
Flowserve Corp. (NYSE:FLS): After meeting with Flowserve’s CFO, Stifel Nicolaus believes that the company is seeing strong demand and has multiple significant opportunities over the next several years. The firm maintains a $157 target and Buy rating.
DryShips, Inc. (NASDAQ:DRYS): Imperial Capital lowered its price target for DryShips citing the company’s weak Q1 results and continued volatility in the shipping markets. The firm keeps an In-Line rating on shares.
Akamai Technologies Inc. (NASDAQ:AKAM): After meeting with Akamai’s CEO, DA Davidson thinks that the company is benefiting from media outlets’ confidence in their ability to monetize over the top content. The firm believes that Akamai has reached a compelling entry point and it maintains a $45 target and Buy rating.
Liquidity Services, Inc. (NASDAQ:LQDT): Benchmark Co. expects Liquidity Services’ GMV to exceed consensus estimates in both Q3 and Q4 and it maintains a Buy rating on the stock.
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