Baird analyst Colin Sebastian lowered the firm’s price target on Playtika to $12 from $14 and keeps an Outperform rating on the shares. The analyst said we are encouraged by some stabilization in monetization trends as Playtika focuses on performance among key franchises. While the initial 2023 outlook is a bit below consensus, it appears prudent given user monetization headwinds and pausing new game launches.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on PLTK:
- Playtika Holding Corp. Reports Q4 and 2022 Financial Results
- Playtika sees FY23 revenue $2.57B-$2.62B, consensus $2.62B
- Playtika reports Q4 EPS 24c, consensus 17c
- Playtika Announces Date of Fourth Quarter 2022 Results Conference Call
- Playtika cut to Neutral at DA Davidson on market share loss, Rovio offer