Truist downgraded Gambling.com (GAMB) to Hold from Buy with a price target of $11, down from $17. Q2 was in-line, but FY25 EBITDA guidance moved down by 7% on Google algorithm changes and AI SEO impacts, the analyst tells investors. The firm sees Gambling as “still on a credible path” to $100M EBITDA, but thinks it could take time and progress for investors to look past near-term challenges.
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