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Jim Cramer's Stop Trading: ZNGA

NEW YORK (TheStreet) -- An unlikely stock was the focus of CNBC's "Cramer's Stop Trading Segment." 

Jim Cramer, co-manager of the Action Alerts PLUS portfolio, took a close look at Zynga (ZNGA - Get Report), which was upgraded to a buy rating with a $7 price target by Wedbush Securities.

Cramer called Zynga CEO Don Mattrick "very accomplished" from his days at Electronic Arts (EA)

He added that Zynga has a lot of things going for it, including a strong balance sheet, improving cost structure and the stabilization of its core business. The company is also creating more games. 

"I like this [analyst's] call because this is a name that had been given up for dead," Cramer concluded, adding that Zynga is worth a look.

Must Read: Controversial Mozilla CEO Eich Resigns Over Prop 8 Flap

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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ZNGA $2.55 0.00%
AAPL $118.88 0.00%
FB $105.74 0.00%
GOOG $748.28 0.00%
TSLA $218.25 0.00%


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