Wedbush raises DoubleDown Interactive stock price target on margin gains
Wedbush raised its price target for DoubleDown Interactive (NASDAQ:DDI) to $16.25, citing margin gains and a successful DTC transition. The stock is near its 52-week high, up 82% YTD. Q3 revenue fell 1.6% but Adjusted EBITDA rose 7.2%. Roth/MKM downgraded DDI to Neutral, citing a $16.25 tender offer from DoubleU Games. The company holds $545M in net cash and trades at a P/E of 6.23.

