Gambling.com price target lowered to $14 from $18 at Benchmark

Benchmark lowered the firm’s price target on Gambling.com (GAMB) to $14 from $18 and keeps a Buy rating on the shares. The company reported a Q2 beat with a guide down with the recent Google algorithm update providing headwinds, the analyst tells investors in a research note. The firm believes a recalibration of Gambling.com’s core search business is necessary, but says the company can execute this successfully while the U.S. predictions market is “potentially significant future growth driver.”