TipRanks analyst ranking service pinpoints Wall Street’s best-performing stocks, like Dick’s Sporting Goods and Microsoft.
FarmVille creator Zynga for $12.7 billion. The news shook up shares of both companies, with Zynga ending the day up 40% and Take-Two slumping more than 13%. Investors appear split on the deal, but one of Wall Street's top analysts has reiterated his bullish stance.
The analyst is Andrew Uerkwitz of Jefferies, who attributed the sell-off to miscalculations on the appropriateness of Zynga for Take-Two and fears of a possible bidding war for the game developer. However, as far as the merger itself is concerned, Uerkwitz said that simply"no one is doing the math.
Meanwhile, those playing the games are more familiar with using phone platforms than they have ever been before. On TipRanks, Uerkwitz is rated as No. 189 out of more than 7,000 financial analysts. He has a success rate of 63% when picking stocks and has returned an average of 31.8% on his ratings.Consumer cyclicals may be radically affected by global supply-side constraints, but the companies mitigating their impacts could be in for considerable upside once they ease out. One of those firms is
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