Gambling.com price target raised to $15 from $13.50 at B. Riley

B. Riley raised the firm’s price target on Gambling.com to $15 from $13.50 and keeps a Buy rating on the shares. The company’s Q2 beat “clears many doubts,” the analyst tells investors in a research note. Gambling.com is focused on optimization of its owned sites in the wake of Google’s policy change to de-prioritize certain content from most media partnerships has resulted in a faster than anticipated recalibration, the analyst tells investors in a research note. The firm believes the Q2 results also illustrate market share gains as other performance marketing companies struggle with broad, multi-layered media advertising versus Gambling.com’s simpler media relationship structure.