Roth MKM has concerns over Playtika games portfolio

Roth MKM analyst Eric Handler keeps a Neutral rating and $10 price target on Playtika, stating that the firm has increasing concerns about when headwinds could lessen for the company’s games portfolio, especially in light of another round of layoffs. Effort has been made to meaningfully reduce expenses, but in order for the company’s shares to resume an upward trajectory, revenue needs to grow, the firm added.