Goldman Sachs Maintains Neutral Rating for Playtika Holding: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has maintained its Neutral rating on Playtika Holding (NASDAQ:PLTK) but lowered its price target from $11.00 to $8.75. Playtika's shares are currently down 1.01% at $6.88, and the new target suggests a potential 27.18% increase. Playtika, a mobile game developer known for titles like Slotomania and Bingo Blitz, earns revenue primarily from the sale of virtual items in its games, with a significant portion of its business in the USA.
February 27, 2024 | 5:00 pm
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Goldman Sachs maintains Neutral on Playtika, lowers price target to $8.75 from $11. Current share price is $6.88, indicating a potential 27.18% increase.
The adjustment in price target by Goldman Sachs, a major financial institution, directly impacts investor perception and potential investment in Playtika. Although the target has been lowered, the new target still suggests a significant upside from the current trading price, which could influence investor optimism and potentially drive up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100