Jefferies analyst David Katz reiterated a Buy rating on Gambling.com (GAMB – Research Report) today and set a price target of $18.00.
David Katz has given his Buy rating due to a combination of factors influencing Gambling.com’s potential. Katz highlights the company’s robust quarterly results, showcasing significant revenue growth across various regions, with a notable surge in North America. This regional performance is seen as a positive indicator of the company’s overall health and trajectory. Additionally, management’s focus on organic growth, along with recent strategic partnerships and the launch of new operations in North Carolina, underpin Katz’s confidence in the company’s capacity for expansion.
Despite the company providing guidance that is neutral in terms of revenue and EBITDA, Katz perceives a compelling growth opportunity for Gambling.com. He suggests that the stock is poised for an upside, based on the strong fundamentals and strategic moves that are expected to drive the company forward in the next financial year. The combination of internal growth levers and external market opportunities contribute to Katz’s optimistic outlook and his affirmation of a Buy rating for Gambling.com’s stock.
In another report released on March 22, Stifel Nicolaus also maintained a Buy rating on the stock with a $16.00 price target.
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Gambling.com (GAMB) Company Description:
Gambling.com Group Ltd is a multi-award-winning performance marketing company and a provider of digital marketing services in the online gambling industry. Its principal focus is on iGaming and sports betting. It generates revenue by referring online gamblers to online gambling operators.
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