Maxim starts GameSquare at Buy, sees accelerated high-margin revenue growth

As previously reported, Maxim initiated coverage of GameSquare with a Buy rating and $3 price target The firm cites the company’s “transformative” acquisition of FaZe Clan, which closed in March and added the largest e-sports brand in the world with 500M+ followers while providing significant cross-selling synergies, the analyst tells investors in a research note. Maxim adds that its confidence is reinforced by the company’s August performance when it signed a record aggregate of $14M new multi-year contracts, including major brand / agency partnerships and sponsorship and licensing deals, which should drive “accelerated high-margin revenue growth”.