Jefferies lowered the firm’s price target on Gambling.com (GAMB) to $13 from $15 and keeps a Buy rating on the shares as part of a Q3 preview for the online gaming space. The firm remains positive on the group despite negative sentiment from the prediction markets “broad market de-risking.” Jefferies reduced Gambling.com’s fiscal 2026 estimates to account for the company’s new strategy around its affiliate business. However, the OddsHoldings acquisition is a long-term positive, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GAMB:
- Gambling.com Completes Acquisition of Spotlight.Vegas
- Gambling.com Group’s Earnings Call Highlights Record Growth
- Berkshire takes stake in UnitedHealth, Sandisk reports Q4 beat; Morning Buzz
- Gambling.com price target lowered to $14 from $18 at Benchmark
- Gambling.com: Strategic Growth and Diversification Drive Buy Rating