Craig-Hallum Downgrades PLAYSTUDIOS to Hold, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Ryan Sigdahl has downgraded PLAYSTUDIOS (NASDAQ:MYPS) from Buy to Hold and lowered the price target from $4 to $2.
August 06, 2024 | 2:45 pm
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NEGATIVE IMPACT
Craig-Hallum has downgraded PLAYSTUDIOS from Buy to Hold and reduced the price target from $4 to $2, indicating a less optimistic outlook for the stock.
The downgrade from Buy to Hold and the significant reduction in the price target from $4 to $2 by Craig-Hallum suggests a less favorable view of PLAYSTUDIOS' future performance. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100