Freedom Capital analyst Egor Tolmachev initiated coverage of Gambling.com (GAMB) with a Buy rating and $8.50 price target reflecting potential upside of 60%. The firm says Gambling.com is a leading performance marketing and sports data provider for the online gambling industry. The shares offer a “pure-play, capital-light vehicle” to capture the “high-growth, state-by-state legalization” of the U.S. market, the analyst tells investors in a research note.
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