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 in. In 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.

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 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.