Glu continues rally on Needham PT hike, Kardashian game strength

Needham has hiked its Glu Mobile (GLUU +3.2%) PT by $1 to $7, while reiterating a Strong Buy.

The PT hike come as Kim Kardashian: Hollywood (previous) continues to perform well on iOS and (to a lesser extent) Android. One week in, the game is #4 and #5 on App Annie's rankings for free and top-grossing iPhone apps, and #25 and #33 on its rankings for free and top-grossing Google Play apps. It's #3 on rankings for new free Google Play Apps.

Last Friday: Benchmark upgrades Glu to Buy

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Comments (8)
  • Mark Gomes
    , contributor
    Comments (3132) | Send Message
    Gotta love the slow Street. PTT Research gave GLUU to subscribers with a $9 target back in October. After a big 2013 when PTT picks like Facebook, Lionsgate, and Seagate tripled, our members now have an all-new list of 2014 picks, including GLUU and others :)
    2 Jul 2014, 01:29 PM Reply Like
  • Investor718
    , contributor
    Comments (82) | Send Message
    You sure did Gomes. It's one of my largest holdings. If this doubles. I am back in w/ a paid membership
    2 Jul 2014, 02:52 PM Reply Like
  • Bullmarketcall
    , contributor
    Comments (2102) | Send Message
    I agree. Price target is still looking for a 2 fig. What about future releases, possible partners, past aquisitions like Dinner dash.
    They would make big progress on figures. Q3 & Q4. fig should thrive.
    2 Jul 2014, 04:35 PM Reply Like
  • rburns15
    , contributor
    Comments (3) | Send Message
    Second big hit after Deer Hunter 2014. Dino Hunter coming in 8 days and Earnings call at beginning of August, which they should beat by a good spread. Stock will keep going up. They are looking into acquiring companies or IP''s and have the cash now to do it. 13 million shares short too. Looking good longs.


    Have to wonder about them being a takeover target. 1/2 of their revenue is in China/south Korea where most western game companies are struggling. They are now profitable with a great game pipeline set up. The company still has a small market cap but the longer they wait, the more expensive it will be.
    2 Jul 2014, 02:16 PM Reply Like
  • Bullmarketcall
    , contributor
    Comments (2102) | Send Message
    They will improve in Asia. Look forward on new games like KK and J Bond.
    2 Jul 2014, 04:36 PM Reply Like
  • rafruano
    , contributor
    Comments (150) | Send Message
    I'm happy Glu is finally starting to get the respect they deserve!


    Been long stayin long...


    Happy 4th
    3 Jul 2014, 04:21 PM Reply Like
  • Mark Gomes
    , contributor
    Comments (3132) | Send Message
    It was a fun couple of weeks to say the least! Our non-public picks also took off, so our customers and non-subscribers are all having a field day :)


    As I warned the shorts, GLUU is not about Deer Hunter. Well, now it's not about Kim K either. We provide all the details at PTT...


    Happy 4th !


    Mark G.
    4 Jul 2014, 12:09 PM Reply Like
  • stockbuyer2014
    , contributor
    Comments (133) | Send Message
    stock has room to run. here are some reasons why
    10 Jul 2014, 07:22 PM Reply Like
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