Roth Capital analyst Eric Handler views DoubleDown (DDI) Interactive’s $65M acquisition of WHOW Games as a strategic positive. WHOW Games offers DoubleDown a path to reverse recent revenue declines and increase profits. The German-based social casino developer creates geographic diversity with a strong footprint in Western Europe while also providing opportunities for operational synergies and enhanced marketing. Plenty of dry powder remains for additional M&A and/or capital returns, Roth adds, keeping a Buy rating on DoubleDown with a price target of $16.
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