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.
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Published first on TheFly
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