Truist lowered the firm’s price target on Gambling.com (GAMB) to $7 from $9 and keeps a Hold rating on the shares. The company’s Q3 EBITDA came in below consensus estimates as continued weakness in performance marketing from recent Google algo changes has persisted, driving a 2025 guide-down, the analyst tells investors in a research note. Gambling.com is seeing continued momentum in its sports data services however, which the management sees as the new core of its business, boosted by prediction markets, the firm added.
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Read More on GAMB:
- Gambling.com price target lowered to $8 from $13 at Jefferies
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