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Esports Entertainment Group (GMBL) Gets a Buy Rating from Noble Financial

In a report released today, Michael Kupinski from Noble Financial maintained a Buy rating on Esports Entertainment Group (GMBLResearch Report), with a price target of $1.50. The company’s shares closed last Tuesday at $0.84, close to its 52-week low of $0.70.

According to TipRanks.com, Kupinski is a 5-star analyst with an average return of 12.9% and a 46.3% success rate. Kupinski covers the Services sector, focusing on stocks such as Beasley Broadcast Group, Salem Communications, and Isos Acquisition.

Esports Entertainment Group has an analyst consensus of Strong Buy, with a price target consensus of $3.23, a 275.5% upside from current levels. In a report issued on February 23, Benchmark Co. also maintained a Buy rating on the stock with a $4.00 price target.

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Esports Entertainment Group’s market cap is currently $21.63M and has a P/E ratio of -0.17.

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Esports Entertainment Group, Inc. operates as an online gambling platform. It offers bet exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience. The company was founded on July 22, 2008 and is headquartered in Malta, Antigua and Barbuda.

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