Stifel Reiterates Buy Rating on Gambling.com Group Ltd. (GAMB)

Stifel analyst Jeffrey Stantial reiterated a Buy rating and $18.00 price target on Gambling.com Group Ltd. (NASDAQ: GAMB).

The analyst commented, "GAMB reported Q1 Adj. EBITDA inline with consensus and reiterated FY25 guidance, though shares sold off -15% likely reflecting a combination of 1) positioning for upside following recent beat & raise trend, 2) slightly unfavorable mix shift to media partnerships, and 3) modest implied constant currency downside given favorable FX. GAMB continues to standout in a challenged gambling affiliate sector, reflecting a combination of higher quality geographic, product, and increasingly subscription revenue mix, 1P tech, disciplined operating efficiency, and differentiated M&A strategy. Difficult sector trends may put a ceiling on valuation, though GAMB screens cheap vs. historical comps despite mix shift to higher quality subscription revenue & proven durable idiosyncratic operating momentum. Hence, we reiterate Buy. We adjust our model compositionally, with FY25/26E Adj. EBITDA -1% on tech investments. TP remains $18."

For an analyst ratings summary and ratings history on Gambling.com Group Ltd. click here. For more ratings news on Gambling.com Group Ltd. click here.

Shares of Gambling.com Group Ltd. closed at $12.52 yesterday.

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