Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Glu Mobile Stock Jumped Today

TheMotleyFool

0 0

Shares of Glu Mobile (NASDAQ: GLUU) have jumped today, up by 10% as of 2:40 p.m. EDT, after the mobile-game maker received an upgrade when Roth Capital boosted its rating to buy.

Roth Capital analyst Darren Aftahi upgraded his rating on Glu while assigning a price target of $7 for the stock. Shares had been completely demolished in early August after Glu reported second-quarter results and drastically cut its full-year 2019 bookings outlook in part to "reflect the timing of new launches." Aftahi believes that sell-off was overdone and that the stock has been "overly penalized."

Image source: Getty Images.

Source Fool.com

Like: 0

GLUU

Share