Gambling.com Group Ltd. (GAMB) PT Lowered to $7.50 at Freedom Capital Markets

Freedom Capital Markets analyst Danial Yermakhan lowered the price target on Gambling.com Group Ltd. (NASDAQ: GAMB) to $7.50 (from $8.50) while maintaining a Buy rating.

The analyst comments "Gambling.com Group reported a solid Q4 2025, with record revenue and Adjusted EBITDA driven by the continued rapid scaling of OpticOdds and a sequential improvement in the core marketing segment, while non-SEO revenue exceeded SEO- driven revenue for the first time. However, the more important takeaway from the release was the softer initial 2026 outlook, with management guiding to revenue of $170m–$180m and Adjusted EBITDA of $50m–$58m, implying a more measured near-term growth and profitability profile as the company continues to absorb weak organic search dynamics, higher- than-expected gaming duty in the UK, and new regulatory pressure in Finland while investing in channel diversification and product development. We are therefore lowering our estimates, with our FY26/FY27 revenue forecasts reduced to $172.9m/$187.4m from $187.0m/$208.3m, and our FY26/FY27 Adjusted EBITDA estimates cut to $49.9m/$56.1m from $62.8m/ $71.0m. We reiterate our Buy rating but lower our 12-month Price Target to $7.50 from $8.50. With the stock now trading around $3.80, we believe the market reaction continues to reflect elevated concern around the near-term SEO and regulatory overhang more than the resilience of the higher-visibility subscription and enterprise sports data businesses."

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