(Updated to include BofA Securities' commentary)
BofA Securities upgraded Playtika (PLTK) to buy from underperform, noting that the company boasts the highest profitability in the industry with 30% EBITDA margins, the largest direct-to-consumer platform, and ownership of three of the largest and longest-running franchises in mobile gaming history.
The company operates within a mature yet still growing mobile gaming market, which the brokerage expects to expand at a rate of at least 4% year-over-year for the foreseeable future.
The brokerage raised its 2025 bookings and EBITDA forecasts to $2.85 billion and $740 million, respectively, following its analysis of third-party data for January and February.
Playtika has an average rating of overweight and mean price target of $7.98, according to analysts polled by FactSet.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 5.39, Change: +0.98, Percent Change: +22.39
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。