tiprankstipranks
Trending News
More News >

DoubleDown initiated with a Buy at Roth Capital

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.

Don’t Miss TipRanks’ Half-Year Sale

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1