Is It Too Late to Buy Zynga Stock?
Zynga (NASDAQ: ZNGA) has been one of the best-performing video game stocks over the last five years. If you had bought shares when CEO Frank Gibeau took over in March 2016, you would have more than tripled your money.
The interactive entertainment industry is full of opportunity for leading studios. Zynga owns some of the most popular titles in the mobile market, including Words With Friends, Zynga Poker, and FarmVille. It has a massive global reach across 175 countries and regions, but with 2021 bookings expected to be $2.8 billion, Zynga is still a very small company in the $90 billion mobile game market.
The wide gap between annual bookings and the size of the market is exactly what growth investors want to see. It shows that Zynga can grow for a long time and deliver above-average returns, especially since mobile is the fastest-growing market in the video game industry.
Source Fool.com
