Craig-Hallum upgraded Playstudios to Buy from Hold with a price target of $5, up from $4. Playstudios’ Q4 results and 2023 guidance were better than Street expectations, and the business is on the cusp of improved operating leverage, the analyst tells investors in a research note. Shares are trading near all-time lows, creating an attractive entry point for a company with business trends turning positive, the firm says.
Published first on TheFly
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