Northland Securities downgrades Doubledown Interactive Co (DDI) to a Buy

In a report released today, Greg Gibas from Northland Securities downgraded Doubledown Interactive Co (DDI – Research Report) to a Buy, with a price target of $16.00. The company’s shares closed yesterday at $10.96.

According to TipRanks, Gibas is a 5-star analyst with an average return of 17.2% and a 46.67% success rate. Gibas covers the Consumer Cyclical sector, focusing on stocks such as Accel Entertainment, Meritage Hospitality Group, and DraftKings.

Doubledown Interactive Co has an analyst consensus of Moderate Buy, with a price target consensus of $15.38, a 40.33% upside from current levels. In a report released today, Wedbush also assigned a Buy rating to the stock with a $14.75 price target.

The company has a one-year high of $15.96 and a one-year low of $6.95. Currently, Doubledown Interactive Co has an average volume of 36.7K.

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Doubledown Interactive Co (DDI) Company Description:

Doubledown Interactive Co Ltd is engaged in the business of developing and publishing games on mobile and web-based platforms. The company focuses on the casino gaming segment. Its flagship game is DoubleDown Casino. Other games developed by the company are DoubleDown Fort, DoubleDown Classic, and Ellen’s Road to Riches. The company has its presence in the global market.