Gambling.com price target raised to $18 from $15 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Gambling.com to $18 from $15 and keeps a Buy rating on the shares. Execution remains superb, highlighted by 63% organic revenue growth, EBITDA margin expansion, and strong free cash flow conversion, the analyst tells investors in a research note. The firm noted that while the stock is up over 50% over the past two months, it thinks it is still a must-own small-cap given its financial profile, fundamental trends, strong balance sheet, and modest valuation.