Gambling.com price target raised to $19 from $13 at BTIG

BTIG raised the firm’s price target on Gambling.com (GAMB) to $19 from $13 and keeps a Buy rating on the shares. The company’s acquisition of Odds Holdings brings Gambling.com meaningfully closer to their $100M EBITDA goal, and over the next two years, the firm is forecasting that consolidated EBITDA will grow 70%, the analyst tells investors in a research note. Over the medium term, BTIG sees a “more attractive” fundamental setup for Gambling.com, stating the company should surpass the $100M target over the next five years.