Playtech (PTEC – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst James Wheatcroft from Jefferies maintained a Buy rating on the stock and has a p395.00 price target.
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James Wheatcroft has given his Buy rating due to a combination of factors, including Playtech’s confirmation of trading in line with expectations and the company’s strong performance in key markets. The company has reported robust revenue growth in the US and significant product demand in the Americas, which helps to counterbalance regulatory challenges in Brazil and Colombia.
Furthermore, Playtech’s valuation appears attractive, with a low EV/EBITDA multiple of 6.5x for FY26E. The sum-of-the-parts analysis suggests a valuation of 710p per share, supported by cash holdings and stakes in customer companies. Additionally, strategic developments such as the Snaitech special dividend, a new deal with Caliplay, and ongoing efforts to sell HAPPYBET contribute to a positive outlook for the company’s future performance.
According to TipRanks, Wheatcroft is a 4-star analyst with an average return of 6.6% and a 48.30% success rate.
In another report released on May 12, Deutsche Bank also maintained a Buy rating on the stock with a £4.17 price target.