Jefferies analyst David Katz says the positive pre-announcement from Gambling.com (GAMB) this morning “underscores our conviction in the online gaming sector as a whole” and the firm views the in-line FY25 guidance, which implies 35% and 40% year-over-year growth in revenue and adjusted EBITDA, respectively, as “a vote of confidence in the growth story.” The firm, which believes that the shares will trade positively on the news, has a Buy rating and $21 price target on Gambling.com, which it adds “remains among our top micro-cap picks.”
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Read More on GAMB:
- Gambling.com Group Reports Record 2024 Financial Results and Optimistic 2025 Outlook
- Gambling.com reports preliminary revenue $35.2M, consensus $34.34M
- Gambling.com raises FY24 revenue view to $127.1M from $125M-$127M
- Gambling.com sees FY25 revenue $170M-$174M, consensus $171.83M
- Gambling.com price target raised to $18 from $16 at Benchmark