Roth Capital analyst Darren Aftahi maintained a Buy rating on Glu Mobile (NASDAQ:GLUU) on Monday, setting a price target of $12.5, which is approximately 41.88% above the present share price of $8.81.
Aftahi expects Glu Mobile to post earnings per share (EPS) of $0.08 for the first quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Glu Mobile, with an average price target of $12.33.
The analysts price targets range from a high of $14.25 to a low of $10.25.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $158.53 million and a net profit of $20.38 million. The company's market cap is $1.52 billion.
According to TipRanks.com, Roth Capital analyst Darren Aftahi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 50.3% and a 59.10% success rate.
Glu Mobile, Inc. designs, markets and sells mobile games. It specializes in free-to-play mobile games designed to a section of users who download and make purchases games through direct-to-consumer digital storefronts, such as the Apple (NASDAQ:AAPL) App Store, Google (NASDAQ:GOOGL) Play Store, Amazon (NASDAQ:AMZN) Appstore and others. It operates through the following geographical segments: United States of America, Americas excluding United States of America; Europe, the Middle East, and Africa; and Asia Pacific. The company was founded by Paul Zuzelo in May 2001 and is headquartered in San Francisco, CA.