Truist analyst Barry Jonas raised the firm’s price target on Gambling.com to $13 from $12 and keeps a Buy rating on the shares. The company’s Q2 adjusted EBITDA solidly beat consensus estimates driven by NDC – new depositing customers – growth and resiliency in the North American business. the analyst tells investors in a research note. Gambling.com’s 2024 guidance was also raised as the Google search ranking methodology change impact was more modest than expected, the firm added.
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