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Game-Changing Court Ruling Could Be Huge for Video Game Stocks

The company is the force behind the Playtika Boost Platform, which offers live game operations services. The U.S.-based company also has a proprietary technology that supports a portfolio of several games. Playtika has 15 games in its portfolio, including both casual and casino-themed games.

The Stifel price target is $38, while the consensus target is $37.45. Tuesday’s final trade was reported at $24.77, which was down almost 5% on the day.

SciPlay

While perhaps a more off-the-radar idea, this stock offers some serious upside potential. SciPlay Corp. (NASDAQ: SCPL) develops, markets and operates a portfolio of social games for mobile and web platforms worldwide. It offers seven games, which include social casino games, such as Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino and Quick Hit Slots, as well as casual games such as Monopoly Slots, Bingo Showdown and 88 Fortunes Slots.

The company’s social casino games include slots-style gameplay, as well as table games-style gameplay and casual games blend slots-style or bingo gameplay with adventure game features. It also offers titles and content from third-party licensed brands. The company, formerly known as SG Social Games, changed its name to SciPlay in March 2019.

The $21 Stifel compares with the lower $20.70 consensus target and Tuesday’s closing price of $17.11 per share.

Zynga

This very aggressive gaming play could have upside above the Stifel target. Zynga Inc. (NASDAQ: ZNGA) is a leading developer of mobile and social games. In the company’s relatively short history, it has developed a broad portfolio of games that includes several on Facebook and several top-grossing mobile apps. Key franchises include FarmVille, Zynga Poker, Hit It Rich Slots and Words With Friends.

Snap announced last year that it was expanding its partnership with Zynga to release new titles on Snap’s gaming platform. The partnership may expand Zynga’s reach to a younger demographic, though the near-term revenue opportunity is likely not impactful to Zynga. Content investment commitment from Zynga an indication of strong engagement and a very solid long-term opportunity.

The Stifel analysts also have this stock on their Select List, with a price target of $14. The consensus target is $13.28, and Zynga stock closed trading at $10.40 on Tuesday.


While the Stifel analyst is clear that no upside is baked into their estimates, and it is very possible that Apple wins, there could very well be some adjustment to the prices paid by these top companies. They are all great ideas for aggressive growth stock investors.

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