Truist has revised its price target for Gambling.com (GAMB, Financial), reducing it to $17 from the previous $18. Despite this adjustment, the firm maintains a Buy rating on the shares. The change in price target reflects a broader reevaluation due to tariff uncertainty, which has impacted the confidence levels in estimates across the board.
Nevertheless, Truist continues to hold a positive view on the gaming sector. They believe that Gambling.com is well-positioned within this segment, even amidst a consumer environment presenting mixed signals. The gaming industry remains a favored niche, suggesting that the potential for growth and stability continues to be promising.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Gambling.com Group Ltd (GAMB, Financial) is $19.00 with a high estimate of $21.00 and a low estimate of $18.00. The average target implies an upside of 57.94% from the current price of $12.03. More detailed estimate data can be found on the Gambling.com Group Ltd (GAMB) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Gambling.com Group Ltd's (GAMB, Financial) average brokerage recommendation is currently 1.6, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Gambling.com Group Ltd (GAMB, Financial) in one year is $24.81, suggesting a upside of 106.23% from the current price of $12.03. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Gambling.com Group Ltd (GAMB) Summary page.
