BTIG raised the firm’s price target on Gambling.com (GAMB) to $19 from $13 and keeps a Buy rating on the shares. The company’s acquisition of Odds Holdings brings Gambling.com meaningfully closer to their $100M EBITDA goal, and over the next two years, the firm is forecasting that consolidated EBITDA will grow 70%, the analyst tells investors in a research note. Over the medium term, BTIG sees a “more attractive” fundamental setup for Gambling.com, stating the company should surpass the $100M target over the next five years.
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Read More on GAMB:
- Gambling.com price target raised to $20 from $18 at Jefferies
- Gambling.com price target raised to $17 from $14 at Stifel
- Morning Movers: Keros Therapeutics plummets after halting TROPOS trial dosing
- Gambling.com Group Acquires Odds Holdings to Enhance Market Position
- Gambling.com to acquire Odds Holdings for $80M upfront
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
