Northland lowered the firm’s price target on DoubleDown (DDI) to $18 from $21 and keeps an Outperform rating on the shares. Q4 results missed the firm’s expectations, driven by continued challenges facing the social casino category, the analyst tells investors. Following earnings, the firm is taking “a more conservative stance” on projections for 2025 and decreasing its price target to reflect the continued pressure on the social casino market.
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