Playtika (PLTK) Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Playtika in the last twelve months. There are currently 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PLTK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLTK, but not buy additional shares or sell existing shares.
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13 Wall Street analysts have issued 1 year price objectives for Playtika's stock. Their PLTK share price forecasts range from $9.00 to $29.00. On average, they predict the company's share price to reach $14.55 in the next twelve months. This suggests a possible upside of 50.3% from the stock's current price.
View analysts price targets for PLTK or view top-rated stocks among Wall Street analysts.

Playtika's stock was trading at $8.51 at the beginning of the year. Since then, PLTK stock has increased by 13.7% and is now trading at $9.68.
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Playtika saw a increase in short interest in September. As of September 15th, there was short interest totaling 3,360,000 shares, an increase of 22.6% from the August 31st total of 2,740,000 shares. Based on an average daily volume of 1,230,000 shares, the short-interest ratio is currently 2.7 days. Approximately 0.9% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our PLTK earnings forecast.

Playtika Holding Corp. (NASDAQ:PLTK) issued its quarterly earnings data on Tuesday, August, 8th. The company reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates of $0.21. The firm earned $642.80 million during the quarter, compared to analysts' expectations of $651.25 million. Playtika had a net margin of 12.24% and a negative trailing twelve-month return on equity of 86.29%. The company's quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.09 earnings per share.

ETFs with the largest weight of Playtika (NASDAQ:PLTK) stock in their portfolio include Invesco Dynamic Software ETF (PSJ), Wedbush ETFMG Video Game Tech ETF (GAMR), ARK Israel Innovative Technology ETF (IZRL), ERShares Entrepreneurs ETF (ENTR), ERShares NextGen Entrepreneurs ETF (ERSX), BlueStar Israel Technology ETF (ITEQ) and Global X Video Games & Esports ETF (HERO).VanEck Israel ETF (ISRA).

Playtika updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.57 billion-$2.57 billion, compared to the consensus revenue estimate of $2.61 billion.

(PLTK) raised $1.6 billion in an IPO on Friday, January 15th 2021. The company issued 69,500,000 shares at $22.00-$24.00 per share. Morgan Stanley, Credit Suisse, Citigroup, Goldman Sachs, UBS Investment Bank and BofA Securities served as the underwriters for the IPO and Baird, Cowen, Stifel and Wedbush Securities were co-managers.

Playtika trades on the NASDAQ under the ticker symbol "PLTK."

Shares of PLTK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PLTK stock can currently be purchased for approximately $9.68.

Playtika (NASDAQ:PLTK) has a market capitalization of $3.55 billion and generates $2.62 billion in revenue each year. The company earns $275.30 million in net income (profit) each year or $0.85 on an earnings per share basis.

The company employs 3,800 workers across the globe.

Playtika's mailing address is C/O PLAYTIKA LTD. HACHOSHLIM ST 8, HERZLIYA PITUARCH L3, 0. The official website for the company is www.playtika.com. The company can be reached via phone at 972-73-316-3251 or via email at ir@playtika.com.