As previously reported, Craig-Hallum upgraded Playstudios (MYPS) to Buy from Hold with a price target of $3, up from $2. The firm says PlayStudios has been covertly testing its Sweepstakes casino “The Win Zone” with select players recently. Craig-Hallum got a chance to try it out earlier this week and feels optimistic about the site’s future. The firm thinks it is a solid competitor to other popular sweepstakes sites, and the company has the benefit of an established database of millions of players across the U.S.
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