Playtika Shares Under Pressure as Analyst Sentiment Sours

The investment case for mobile gaming specialist Playtika Holding is facing significant headwinds. Once celebrated as a high-growth contender, the company is now confronting a wave of downward revisions from market analysts. The latest blow comes from UBS, whose recent adjustment sends a powerful message about the stock’s dimming prospects.

While maintaining its “Neutral” rating on Playtika, UBS delivered a substantial cut to its price target. The investment bank slashed its projection by a notable 27%, moving from $5.50 to just $4.00 per share. This significant downgrade stems directly from the company’s disappointing quarterly performance reported in August. Although Playtika did manage to grow revenue by 11% year-over-year, this positive development was completely overshadowed by a dramatic collapse in profitability. The company’s adjusted... Read more...