Benchmark Co. Maintained a Buy Rating on PLAYSTUDIOS (MYPS), Kept the PT Unchanged

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) is one of the Best 52-Week Low Penny Stocks to Buy Now. On August 5, Mike Hickey from Benchmark Co. maintained a Buy rating on PLAYSTUDIOS, Inc. (NASDAQ:MYPS) with a $2 price target.

The analyst reiterated his bullish sentiment on the stock despite a weaker-than-expected second quarter of 2025. PLAYSTUDIOS, Inc. (NASDAQ:MYP) delivered $59.34 million in revenue during the quarter, which dropped 18.26% year-over-year and was also below expectations by $2.29 million. Moreover, the EPS of negative $0.02 also missed the consensus by $0.01. Hickey noted that despite these challenges, management maintained its full-year guidance, showing confidence in its strategy.

Moreover, Hickey highlighted PLAYSTUDIOS, Inc.’s (NASDAQ:MYPS) loyalty-driven ecosystem, particularly its playAWARDS platform, as a competitive edge. He believes that the future growth relies mainly on two speculative projects, including the sweepstakes platform and the Tetris Block Party game.

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) develops free-to-play casual games for mobile and social platforms. Their games range from social casino titles to card and puzzle games.

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