Haywood analyst Gianluca Tucci reiterated a Buy rating on Bragg Gaming Group Inc yesterday and set a price target of C$7.50.
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Gianluca Tucci has given his Buy rating due to a combination of factors tied to Bragg Gaming Group’s restructuring and strategic repositioning. He views the 12% global workforce reduction as a disciplined cost rationalization that is expected to deliver €4.5 million in recurring annual savings, far outweighing the roughly €1 million one-time charge in early 2026. In his assessment, this materially strengthens adjusted EBITDA, accelerates the path to sustainable profitability, and improves operating leverage. Tucci also notes that the leaner operating model should support healthier margins heading into the second half of 2026.
Tucci further bases his positive stance on Bragg’s decision to redeploy resources toward higher-growth opportunities and an AI-centric operating model. He believes the shift away from more resource-heavy legacy activities and toward AI-driven, scalable processes better aligns the company with its 2027 strategic vision. At the same time, he sees the redirection of investment from challenged jurisdictions such as the Netherlands to faster-growing markets like Brazil and broader LATAM as a catalyst for future expansion. Taken together, these measures are seen as enhancing financial flexibility, positioning Bragg to capture market share, and supporting his view that the shares offer attractive upside potential, justifying a Buy rating.
BRAG’s price has also changed dramatically for the past six months – from C$6.150 to C$3.100, which is a -49.59% drop .