Northland lowered the firm’s price target on DoubleDown (DDI) to $18 from $21 and keeps an Outperform rating on the shares. Q4 results missed the firm’s expectations, driven by continued challenges facing the social casino category, the analyst tells investors. Following earnings, the firm is taking “a more conservative stance” on projections for 2025 and decreasing its price target to reflect the continued pressure on the social casino market.
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Read More on DDI:
- DoubleDown Interactive Reports Strong 2024 Financial Performance
- DoubleDown Interactive Reports Strong Profitability Despite Slight Revenue Dip in 2024
- DoubleDown reports Q4 EPS $14.37 vs. $10.47 last year
- DDI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- DoubleDown Interactive to Announce 2024 Financial Results on February 11, 2025
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