Roth Capital analyst Eric Handler initiated coverage of DoubleDown (DDI) with a Buy rating and $16 price target The firm views DoubleDown as an “attractive special situation with the potential in the next few quarters for a significant value unlock.” The company has $8.50 per share of net cash on the balance sheet and should exceed $10 per share by year-end, the analyst tells investors in a research note. Roth says the stock’s valuation is “anemic” and that cash deployment through acquisitions or capital returns, along with improved share liquidity, should drive multiple expansion.
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