Haywood analyst Gianluca Tucci reiterated a Buy rating on Bragg Gaming Group Inc yesterday and set a price target of C$5.50.
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Gianluca Tucci has given his Buy rating due to a combination of factors, including in-line quarterly results and reaffirmed guidance that support a stable financial outlook. He highlights that, beyond the flat headline EBITDA, the company is successfully reducing its reliance on the Dutch market and shifting toward higher-margin offerings, which strengthens the underlying business profile.
He also points to strong growth in proprietary content, which allows Bragg to retain a larger share of gaming revenue while avoiding third-party licensing costs. In addition, the appointment of Thomas Winter enhances the firm’s strategic positioning in the U.S., the shares trade at a notable valuation discount to peers, and a recent restructuring program is expected to deliver meaningful cost savings, all of which underpin his positive recommendation.
According to TipRanks, Tucci is a 4-star analyst with an average return of 10.4% and a 57.86% success rate.