Jefferies raised the firm’s price target on Gambling.com (GAMB) to $20 from $18 and keeps a Buy rating on the shares. The firm updated its Gambling.com model following the announcement of its intent to acquire OddsJam. Jefferies views the deal as a productive tuck-in at a good prices with recurring revenues and specific capabilities that enhance long-term value, and as such the price target moves higher.
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Read More on GAMB:
- Gambling.com price target raised to $17 from $14 at Stifel
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- Gambling.com Group Acquires Odds Holdings to Enhance Market Position
- Gambling.com to acquire Odds Holdings for $80M upfront
- Bet On It: Senator says FanDuel, DraftKings should face antitrust probe
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
