In a report released today, James Wheatcroft from Jefferies maintained a Buy rating on Evolution Gaming Group AB, with a price target of SEK1,350.00.
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James Wheatcroft has given his Buy rating due to a combination of factors, including Evolution Gaming Group AB’s proactive response to recent allegations. The company has addressed concerns regarding its games being accessible in sanctioned territories, stating that there is no substantial new information beyond what has already been dismissed by regulatory bodies and courts.
Wheatcroft acknowledges Evolution’s commitment to preventing unauthorized access to its games in restricted markets. The company’s efforts to combat cybercrime and illegal activities, such as game copying and video stream hijacking, demonstrate a strong stance on compliance and security. These factors contribute to the positive outlook and Buy rating for Evolution Gaming Group AB’s stock.
In another report released on July 30, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a SEK1,012.00 price target.