Strategic Growth Positioning and Legislative Opportunities Propel Gambling.com’s Buy Rating

Benchmark Co. analyst Mike Hickey has maintained their bullish stance on GAMB stock, giving a Buy rating on June 11.

Mike Hickey has given his Buy rating due to a combination of factors that highlight Gambling.com’s strategic positioning for growth. The company is set to benefit significantly from the expansion of federally regulated prediction markets, which could act as a catalyst for broader legislative changes in U.S. gaming policy. As more operators enter this emerging market, the presence of betting products in states without sportsbooks could push policymakers to accelerate the legalization of online sports betting. This shift, combined with the zero-tax structure of prediction markets, may reduce regulatory challenges and enhance Gambling.com’s growth prospects.
Furthermore, the company’s focus on performance marketing in the iGaming sector positions it well to capitalize on potential shifts in state legislation towards iGaming, which offers a more substantial tax base compared to online sports betting. With a significant portion of its growth already driven by iGaming, Gambling.com is poised to capture increased demand as awareness and marketing efforts pivot towards these new products. The company’s expanding portfolio, including brands like Casinos.com and Freebets.com, further strengthens its ability to meet emerging market needs, making it a compelling investment opportunity.

According to TipRanks, Hickey is a 4-star analyst with an average return of 4.2% and a 61.82% success rate. Hickey covers the Communication Services sector, focusing on stocks such as Electronic Arts, National Cinemedia, and Bragg Gaming Group Inc.

In another report released on June 11, Texas Capital Securities also initiated coverage with a Buy rating on the stock with a $17.00 price target.