- 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.
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