Wedbush Maintains a Buy on Playtika Holding (PLTK), Sets a Price Target of $11.50

Playtika Holding Corp. (NASDAQ:PLTK) is one of the best affordable stocks under $5 to invest inIn a report released on July 1, Alicia Reese from Wedbush maintained a Buy rating on Playtika Holding Corp. (NASDAQ:PLTK) with a price target of $11.50.

Why Playtika Holding Corp. (PLTK) Is Skyrocketing?

A close-up of a hand holding a mobile device with a gaming app open on the screen.

Playtika Holding Corp. (NASDAQ:PLTK) reported an 8.6% sequential and 8.4% year-over-year growth in revenue in fiscal Q1 2025, reaching $706.0 million. DTC platforms reported $179.2 million in revenue, reflecting a 2.6% sequential growth and a 4.5% year-over-year rise.

While GAAP net income for the quarter decreased 42.3% year-over-year to $30.6 million, Playtika Holding Corp. (NASDAQ:PLTK) reported $36.2 million in adjusted net income, increasing 34.1% sequentially and decreasing 39.6% year-over-year.

Playtika Holding Corp. (NASDAQ:PLTK) is a developer of mobile games that owns and manages around 15 games. Its Playtika Boost Platform offers a proprietary technology that supports a portfolio of games and live game operations services. The company’s offerings include casual games, casino-themed games, and free-to-play mobile games.

Its game portfolio includes Slotomania, Bingo Blitz, House of Fun, Caesars Slots, World Series of Poker, Best Fiends, June’s Journey, Solitaire Grand Harvest, and Board Kings. These games are available on Google Play Store and iOS App Store.

While we acknowledge the potential of PLTK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PLTK and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.