Craig-Hallum lowered the firm’s price target on Playstudios to $4 from $5 and keeps a Buy rating on the shares. The firm notes the company reported Q4 results ahead of Street expectations and introduced 2024 guidance also better, including about 3% revenue growth and about 8% EBITDA growth year-over-year at the midpoints despite expectations for slight declines in the social casino industry.
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