1410 ET - Playtika boasts the mobile-gaming industry's highest profitability and largest direct-to-consumer platform, just two of the reasons BofA Securities gives for upgrading shares to buy from underperform. The company, known for its casino-style games, is well positioned within the growing industry, the analysts say. Additionally, its guidance appears highly conservative, opening potential for upward revisions. "We think downside to the shares is limited given management's reputation for operational excellence," the analysts say. Playtika surges 19%, on pace for its largest percent increase on record. (connor.hart@wsj.com)
(END) Dow Jones Newswires
March 26, 2025 14:10 ET (18:10 GMT)
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