Strong Financial Performance and Strategic Positioning Drive Buy Rating for Playtika Holding
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TD Cowen analyst Doug Creutz has reiterated a Buy rating on Playtika Holding, setting a price target of $14.00. This recommendation is based on the company's strong financial performance, highlighted by impressive third-quarter results, significant growth in direct-to-consumer revenue, and a record high gross margin. Playtika's casual games, particularly Bingo Blitz and Disney Solitaire, contributed to this success, despite challenges in the social casino segment. Effective cost management and a positive outlook on the stock further support the Buy rating.
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