UPDATE: Benchmark Starts Acies Acquisition Corp. (ACAC) at Buy, $15 PT

April 20, 2021 8:03 AM EDT
Get Alerts ACAC Hot Sheet
Price: $8.39 --0%

Rating Summary:
    2 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 14 | New: 23
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(Updated - April 20, 2021 8:13 AM EDT)

Benchmark analyst Mike Hickey initiates coverage on SPAC Acies Acquisition Corp. (NASDAQ: ACAC), which is merging with Playstudios, with a Buy rating and a price target of $15.00.

The analyst commented "We are initiating coverage on Acies Acquisition Corp. (Nasdaq: ACAC), which is a special purpose acquisition company (SPAC) that is in the process of acquiring Playstudios (MYPS), with a Buy rating and $15 price target. MYPS is a developer and publisher of free-to-play (F2P) casual games for mobile and social platforms that are uniquely energized by a differentiated playAWARDS loyalty program. Post transaction, MYPS is expected to have nearly $300M of cash and no debt."

For an analyst ratings summary and ratings history on Acies Acquisition Corp. click here. For more ratings news on Acies Acquisition Corp. click here.

Shares of Acies Acquisition Corp. closed at $9.91 yesterday.


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