Bragg Gaming price target raised to $11 from $9 at Maxim

Maxim analyst Jack Vander Aarde raised the firm’s price target on Bragg Gaming (BRAG) to $11 from $9 and keeps a Buy rating on the shares. The company has announced positive preliminary 2024 results for revenue of at least EUR102.0M, and based on guidance and expectations, the firm is maintaining its 2024 forecasts and increase its 2025 projections to align with the bottom range of management guidance, which assumes slightly positive net income in 2025, the analyst tells investors in a research note.