Newly public Playtika (PLTK) received positive reviews Tuesday as Wall Street analysts initiated coverage of the mobile video game publisher. PLTK stock jumped on the news.
At least seven Wall Street firms began coverage of PLTK stock. Of those, six have buy ratings and one is neutral.
On the stock market today, PLTK stock rose 6.1% to 34.28.
“Playtika operates in the largest and fastest growing segment of video gaming — the $100 billion mobile gaming market,” Morgan Stanley analyst Brian Nowak said in a note to clients. He expects the market to experience a compound annual growth rate of 15% from 2019 through 2024.
“Playtika has established itself as the leader within social casino” games, Nowak said. It is now expanding into the casual gaming segment, he says. Nowak rates PLTK stock as overweight with a price target of
Chipmaking giant Intel (INTC) is using CES 2021 to start the new year on a positive note after stumbling with production and technology challenges last year. Intel stock sank 16.8% in 2020 while the Nasdaq index soared 43.6%.
The Santa Clara, Calif.-based company late Monday introduced four new PC processor families targeting business, education, gaming and mobile applications. It debuted more than 50 new processors as part of its 11th Gen Intel Core series.
At a news conference at the virtual CES 2021 trade show, Intel Executive Vice President Gregory Bryant said the new processors will turn up in more than 500 new desktop and laptop models this year.
“You won’t see a ‘one system fits all’ mentality from Intel and its partners,” Bryant said. “Only Intel can deliver this breadth and scale of designs, because we have deep technical partnerships with more than 150 companies around
Shares of Unity Software (NYSE:U), a leading platform to create and monetize interactive games, have more than doubled after the company went public at $68.88 per share. While optimism surrounding tech stocks has definitely helped, investors are also clearly excited about Unity’s prospects.
I took a deep dive into the company to learn more about its business. Here’s what I found.
Unity Software offers a set of software solutions that allow creators, mainly game developers, “to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices,” according to the company’s promotional materials.
There are three parts to its income, categorized under Create Solutions, Operate Solutions, and Strategic Partnerships and Others. The segments account for 54%, 31%, and 15%, respectively, of Unity’s 2019 revenue.
While most of its
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