Jefferies raised the firm’s price target on Gambling.com (GAMB) to $20 from $18 and keeps a Buy rating on the shares. The firm updated its Gambling.com model following the announcement of its intent to acquire OddsJam. Jefferies views the deal as a productive tuck-in at a good prices with recurring revenues and specific capabilities that enhance long-term value, and as such the price target moves higher.
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