5 Best Rising Penny Stocks to Buy Now

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In this piece we will look at the 5 Best Rising Penny Stocks to Buy Now. Please visit 8 Best Rising Penny Stocks to Buy Now if you’d like to see an extended list and how we came up with the list of Best Rising Penny Stocks to Buy Now.

​5. Playtika Holding Corp. (NASDAQ:PLTK)

Price: $3.18

Number of Hedge Fund Holders: 22

​Playtika Holding Corp. (NASDAQ:PLTK) is one of the Best Rising Penny Stocks to Buy Now.

​On April 6, Playtika Holding Corp. (NASDAQ:PLTK) announced the formation of a special committee of independent board directors to launch a full review of the company’s portfolio. Management noted that the committee will be exploring strategic alternatives such as selling parts of the business, spinning off assets, mergers, acquisitions, or even a full company sale. The company has retained Morgan Stanley as their financial advisor for the process.

5 Best Rising Penny Stocks to Buy Now

​This comes at a time when analysts have a more conservative view on Playtika Holding Corp. (NASDAQ:PLTK). As of April 11, 75% of the 12 analysts covering the stock had a Hold rating. The average 12-month price target of analysts still suggests more than 27% upside from the current level.

​The most recent analyst’s rating on the stock is from March 5, when Eric Handler from Roth MKM reiterated a Hold rating and reduced the price target from $4 to $3.

​Playtika Holding Corp. (NASDAQ:PLTK) is a leading Israeli digital entertainment company that specializes in the development, publication, and operation of free-to-play mobile games. It is known for its portfolio of casual and social casino-themed games, managing popular titles such as Slotomania, Bingo Blitz, and June’s Journey.

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