B. Riley analyst Josh Nichols lowered the firm’s price target on DoubleDown (DDI) to $22 from $23 and keeps a Buy rating on the shares. DoubleDown’s Q1 revenue was below consensus, while social casino revenue, which accounts for 84% of sales, was down 12% year over year amid a challenging comp, the analyst tells investors in a research note. The company’s highly profitable core social casino business, fortress balance sheet, and iGaming optionality make DoubleDown an attractive investment opportunity, the firm argues.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DDI:
- DoubleDown Interactive’s Q1 2025 Financial Performance
- DoubleDown Interactive Reports Q1 2025 Financial Results with Mixed Performance
- DoubleDown reports Q1 EPS 48c, consensus 55c
- Doubledown Interactive Co., Ltd. (DDI) Q1 Earnings Cheat Sheet
- DoubleDown Interactive to Announce Q1 2025 Financial Results on May 13