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Shares of Playtika Holding Corp. surged over 21% after Bank of America upgraded its rating from underperform to buy, setting a price target of $6.50, indicating a 23% upside from the last closing price of $5.28. Analysts noted Playtika's strong profitability, its leading position in the mobile gaming industry, and its ownership of established game franchises as key strengths. Despite challenges in user acquisition and casual gaming monetization, the company's robust free cash flow and potential for exceeding 2025 earnings forecasts present an attractive investment opportunity.
Playtika, a developer of casual and social casino-themed games, has received a "buy" rating upgrade from Bank of America, raising its price target to $6.50, indicating a potential upside of 47.73%. Despite this, the stock holds a consensus "Hold" rating among analysts, with an average price target of $8.09. The company has seen varied ratings from other firms, with some analysts downgrading their targets, reflecting mixed sentiments in the market.
Playtika Holding Corp. currently holds a "Hold" rating from analysts with a target price of $8.32. The company, which develops mobile games globally, has seen significant institutional investment, including a 128.3% increase in shares by Bank of New York Mellon Corp. Recently, it announced a quarterly dividend of $0.10 per share, yielding 8.95%.
Playtika Holding Corp.
Companies
| Symbol | PLTK |
| Name | Playtika Holding Corp. |
| Currency | USD |
| Sector | Communication Services |
| IndustryGroup | Media & Entertainment |
| Industry | Interactive Media & Services |
| Market | NASDAQ Global Select |
| Country | Israel |
| State | |
| City | Herzliya Pituach |
| Zipcode | |
| Website | http://www.playtika.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
playtika shares soar after bank of america upgrades rating to buy
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19:45 28.03.2025
Playtika receives buy rating upgrade amid mixed analyst opinions and market performance
13:11 27.03.2025
playtika receives hold rating with target price set at eight dollars thirty two
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