Oppenheimer Initiates Coverage On Playstudios With Outperform, Sees 73% Upside

July 16, 2021 7:25 AM | 1 min read | Make a Comment

Oppenheimer analyst Martin Yang initiated coverage on Playstudios Inc MYPS with an Outperform rating and $11 price target, implying a 72.96% upside.
Yang stated that the company is an innovator in a fast-growing, massive mobile gaming market whose social casino games have a proven business model.
Playstudios is in the early stage of taking share in the mobile game market as its value proposition to mobile gamers and business partners are unique and compelling, Yang added.
Price action: MYPS shares traded higher by 8.02% at $6.87 premarket on the last check Friday.