Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Well, would you look at that! Everything old is new again -- even Zynga (NASDAQ: ZNGA)!
Once upon a time, mobile game maker Zynga was popular among investors who wanted to own Facebook but couldn't because Facebook wasn't public yet. As a company that made games played on Facebook, however, Zynga was viewed as a way to vicariously profit from the growth of the social network.