Stifel lowered the firm’s price target on Playtika to $10 from $11 and keeps a Buy rating on the shares. The company’s Q4 results were in line/slightly above the firm’s model and Street estimates, provided guidance for FY24 that was below guesstimates, and paused its review of strategic alternatives, the analyst tells investors. Overall, Stifel believes the update was mixed, but favor the company’s prowess with acquisitions.
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Read More on PLTK:
- Bad News for Playtika Holding Corp. Stock: This New Risk Has Been Added
- Playtika sees 2024 revenue $2.52B-$2.62B, consensus $2.62B
- Playtika pauses evaluation of strategic alternatives
- Playtika exploring opportunities to enhance shareholder return
- Playtika to deploy $600M-$1.2B of capital for M&A over next three years
