10 Cheapest Penny Stocks to Buy Now

6. Playtika Holding Corp. (NASDAQ:PLTK)

Number of Hedge Fund Holders: 25

Forward P/E: 6.58

Playtika Holding Corp. (NASDAQ:PLTK) is one of the 10 Cheapest Penny Stocks to Buy Now.

On September 17, 2025, Playtika Holding Corp. (NASDAQ:PLTK) reached its new 52-week low of $3.51, continuing on its downward trajectory.

This follows the weaker-than-expected second-quarter results and price target cut by UBS earlier in the month. UBS reduced its price target on Playtika Holding Corp. (NASDAQ:PLTK) from $5.50 to $4.00, maintaining a ‘Neutral’ rating. The investment firm cited slower growth in key social casino titles like Slotomania and a reduced 2025 revenue outlook of roughly 3.5% below prior guidance.

Despite these challenges, UBS noted Playtika Holding Corp. (NASDAQ:PLTK) remains focused on its EBITDA targets while shifting more sales to direct-to-consumer channels, expected to reach 40% in the long term, up from 25% today.

Playtika Holding Corp. (NASDAQ:PLTK) is engaged in the development and distribution of mobile games globally. It is one of the 10 Cheapest Penny Stocks to Buy Now.