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Benchmark Lowers Price Target on Gambling.com Group Limited (GAMB) to $7 While Maintaining Buy Rating
Yahoo Finance· 2026-02-09 19:15
Company Overview - Gambling.com Group Limited (NASDAQ:GAMB) is a performance marketing and sports betting media company that provides digital customer acquisition services to online gambling operators. The company operates primarily in Dublin, Ireland, with a significant presence in Charlotte, North Carolina [4]. Financial Performance - In the third quarter of 2025, Gambling.com Group achieved record revenue of $39 million, representing a 21% year-over-year increase. Adjusted EBITDA rose by 3% to $13 million [3]. - The company raised its full-year guidance, projecting approximately $165 million in revenue and $58 million in adjusted EBITDA, which indicates year-over-year growth of 30% and 19%, respectively [3]. Market Position and Outlook - The company is well-positioned to benefit from the ongoing legalization and expansion of online sports betting. Its asset-light model provides flexibility to navigate potential volatility in 2026 [4]. - Analyst Mike Hickey from Benchmark lowered the price target for Gambling.com Group to $7 from $8 while maintaining a Buy rating, reflecting a cautious outlook on the company's 2026 earnings trajectory rather than a decline in near-term fundamentals [1].