In a report released yesterday, Mike Hickey from Benchmark Co. reiterated a Buy rating on Gambling.com (GAMB – Research Report), with a price target of $18.00.
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Mike Hickey has given his Buy rating due to a combination of factors including Gambling.com’s strong financial performance and strategic positioning. The company reported impressive Q1 2025 results, with revenue and AEBITDA slightly surpassing market expectations. A significant increase in recurring revenue and a record number of new depositing customers highlight the company’s growth momentum.
Moreover, Hickey sees potential for further revenue and AEBITDA growth with the anticipated market launches in Missouri and Alberta, as well as opportunities in the evolving U.S. prediction market. Despite some short-term margin pressures due to media partnerships, the company’s scalable and asset-light model, along with its strategic acquisitions and AI integration, provide a solid foundation for long-term growth. The company’s financial resilience and ability to capitalize on new market opportunities make it an attractive investment, justifying the Buy rating.
Hickey covers the Communication Services sector, focusing on stocks such as National Cinemedia, IMAX, and Cinemark Holdings. According to TipRanks, Hickey has an average return of 3.7% and a 63.03% success rate on recommended stocks.
In another report released yesterday, BTIG also maintained a Buy rating on the stock with a $19.00 price target.