BofA Securities analyst Omar Dessouky double-upgraded the shares of Playtika Holding Corp PLTK on Wednesday from Underperform to Buy and raised the price forecast from $6 to $6.50.
Playtika (NASDAQ: PLTK) shares jumped more than 21% after Bank of America issued a double upgrade on the Israeli-based mobile game developer, raising its rating from Underperform to Buy. The upgrade reflects confidence in Playtika's profitability, financial strength, and long-term growth prospects within the mobile gaming industry.
Playtika (NASDAQ:PLTK) stock is heading for its best session on record today, after Bank of America issued a rare double-upgrade to “buy” from “underperform.
Playtika Holding Corp. (NASDAQ:PLTK ) Q4 2024 Earnings Call Transcript February 27, 2025 8:30 AM ET Company Participants Tae Lee - Investor Relations Robert Antokol - Chief Executive Officer and Chairperson of the Board Craig Abrahams - President and Chief Financial Officer Conference Call Participants Clark Lampen - BTIG Arthur Chu - Bank of America Eric Sheridan - Goldman Sachs Matt Cost - Morgan Stanley Colin Sebastian - Baird Eric Handler - ROTH Capital Aaron Lee - Macquarie Operator Good day and thank you for standing by. Welcome to Playtika Holding Corp. Q4 2024 Earnings Call.
The headline numbers for Playtika (PLTK) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Playtika Holding (PLTK) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.10 per share a year ago.
Get a deeper insight into the potential performance of Playtika (PLTK) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Investors need to pay close attention to Playtika (PLTK) stock based on the movements in the options market lately.
I am buying shares of Playtika Holding Corp. due to its strong cash flow, profitability, and undervaluation compared to competitors. PLTK's significant investment in R&D and partnerships with Apple, Google, and Facebook suggest potential for future game development and revenue growth. Despite some debt, PLTK's declining net Debt/EBITDA ratio and dividend payments make it an attractive investment at current price levels.
Playtika Holding Corp. (NASDAQ:PLTK ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Tae Lee - Senior Vice President of Corporate Finance & Investor Relations Robert Antokol - Co-Founder & Chief Executive Officer Craig Abrahams - President & Chief Financial Officer Nir Korczak - Chief Marketing Officer Conference Call Participants Christopher Schoell - UBS Andrew Crum - Stifel Eric Handler - ROTH Capital Matthew Cost - Morgan Stanley Aaron Lee - Macquarie Omar Dessouky - Bank of America Operator Good day and welcome to Playtika's Holding Corp. Q3 2024 Earnings Call. At this time, all participants are in a listen-only mode.