TD Cowen lowered the firm’s price target on Playtika to $20 from $25 and keeps an Outperform rating on the shares. The firm said Q4 results slightly beat on revenue and EBITDA but initial 2024 guidance is for flat revenue and lower margins due to increased investment in UA.
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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
