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Macquarie Maintains Gambling.com(GAMB.US) With Buy Rating, Announces Target Price $16

Moomoo News ·  Nov 19 03:36  · Ratings

Macquarie analyst Chad Beynon maintains $Gambling.com (GAMB.US)$ with a buy rating, and sets the target price at $16.

According to TipRanks data, the analyst has a success rate of 59.1% and a total average return of 10.3% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Gambling.com (GAMB.US)$'s main analysts recently are as follows:

  • Gambling.com continues to be grouped unfairly with other gambling affiliates that face specific business headwinds, distinct from broader industry issues. The company's Q3 results demonstrated global market share gains, particularly reflecting its strength in Europe, bolstered by the addition of the Freebets.com acquisition, and resilience in North America despite challenging comparisons.

  • Following Gambling.com's Q3 adjusted EBITDA beat and upward revision of its FY24 revenue and EBITDA guidance, estimates for FY24 and FY25 adjusted EBITDA were increased by 5% and 2%, respectively.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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