Gan Limited price target raised to $2.50 from $2 at Northland

Northland analyst Greg Gibas raised the firm’s price target on Gan Limited to $2.50 from $2 and keeps a Market Perform rating on the shares after the company reported Q4 revenue that was ahead of the firms estimate, but missed on profitability. Management did not provide 2023 guidance as the company announced that it has launched a strategic review process that it expects to be "swift" and reach a resolution in the "very near future," the firm notes.