Is Zynga Stock Still a Buy After a Disappointing Q3 2020?
Our experts issued a rare "Double Down" Buy alert on this one stock... Learn more.
Shares of mobile game developer Zynga (NASDAQ: ZNGA) are down double-digit percentages following its third-quarter 2020 update earlier this month. Besides a general stay-at-home stock market sell-off after positive news on a COVID-19 vaccine, it seems growth during the summer months and the outlook for the final weeks of 2020 were disappointing -- especially considering the completion of two recent acquisitions. Zynga has been my favorite video game stock as of late so the share price decline certainly isn't what I was expecting, but I did buy for the long haul. The pullback thus looks like an opportunity to add a little more to my position.
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Source Fool.com
