Roth Capital Remains Bullish on DoubleDown Interactive (DDI)

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) is one of the best cheap stocks with huge upside potential. On July 8, Roth Capital analyst Eric Handler stated that the $65M acquisition of WHOW Games undertaken by DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) on the same day is a strategic and positive move.

According to him, WHOW Games presents DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) with a path to raise profits and reverse recent revenue declines.

The analyst further stated that the German-based social casino developer has a strong Western European footprint and creates geographic diversity while also providing opportunities for enhanced marketing and operational synergies.

The firm added that plenty of dry powder remains for additional M&A and/or capital returns, maintaining a Buy rating on DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) with a price target of $16.

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) is involved in the gaming entertainment business and operates through the Gaming and iGaming business divisions. The Gaming business division undertakes the development and publishing of social casinos and casual games, while the iGaming business division manages the development and operation of license-based online casinos.

While we acknowledge the potential of DDI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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