Gambling.com price target lowered to $12 from $19 at BTIG

BTIG analyst Clark Lampen lowered the firm’s price target on Gambling.com (GAMB) to $12 from $19 and keeps a Buy rating on the shares. The company’s Q2 results were generally in line with expectations, but on a like-for-like basis, guidance was reduced to reflect pressure on the core search business, the analyst tells investors in a research note. The firm is reducing its FY26/FY27 to reflect a more muted organic growth outlook for the marketing business due to search headwinds and a strategic shift toward new channels and monetization models, BTIG added.