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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MYPS:
- Playstudios upgraded to Buy from Hold at Craig-Hallum
- Playstudios Q1 Earnings Call: Mixed Sentiments and Strategic Moves
- Shopify initiated, Comcast downgraded: Wall Street’s top analyst calls
- Playstudios upgraded at Benchmark with ‘growth accelerants’ ahead
- Playstudios upgraded to Speculative Buy from Hold at Benchmark
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue