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The Ratings Game: Analysts believe Zynga can do no wrong, despite a weak revenue outlook

Shares of Zynga Inc. were down 7% Friday, a day after the company reported that it broke even on earnings per share in its latest quarter, reported declining revenue and user numbers and issued a weak revenue outlook.

But analysts were singing a different tune than the market, with Wedbush calling Zynga ZNGA, -5.89% a “compelling investment,” and Benchmark saying it would “opportunistically acquire shares.” That optimism comes as analysts view breakeven as a big improvement from the company’s past performance.

Zynga is the video game developer behind Words with Friends, Farmville and games such as Social Slots and Zynga.

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