Benchmark downgraded Bragg Gaming (BRAG) to Hold from Buy and removed the firm’s prior $6 price target on the shares after Bragg reported Q2 results below consensus in terms of both revenue and profitability. Bragg’s Q2 earnings miss and the reduction to 2025 guidance, driven by headwinds in Netherlands and Brazil, warrant a downgrade, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BRAG:
- Bragg Gaming reports cybersecurity incident
- Bragg Gaming Group Reports Cybersecurity Breach
- Bragg Gaming price target lowered to $4 from $6 at Citizens JMP
- Bragg Gaming Group Inc: Strategic Focus on Financial Stability and Operational Efficiency Amid Market Challenges
- Bragg Gaming Group Reports Revenue Growth and Strategic Focus on Margins