UPDATE: Jefferies Starts Golden Nugget Online Gaming (GNOG) at Buy; Sees 100%+ Upside

April 6, 2021 4:52 AM EDT
Get Alerts GNOG Hot Sheet
Price: $21.63 +0.14%

Rating Summary:
    1 Buy, 2 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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(Updated - April 6, 2021 8:19 AM EDT)

Jefferies analyst David Katz initiates coverage on Golden Nugget Online Gaming (NASDAQ: GNOG) with a Buy rating and a price target of $28.00.

The analyst commented, "The magnitude and productivity prospects of the iGaming market have not been fully appreciated by the Street, in our view, and GNOG's positioning and product strength have been proven in NJ. GNOG and digital gaming – iGaming, specifically – require long-term vision in general. We believe GNOG's performance through 2020 provides a framework for LDD% iGaming market share, profitability, and 100+% potential upside. We initiate atBuy with a price target of $28."

For an analyst ratings summary and ratings history on Golden Nugget Online Gaming click here. For more ratings news on Golden Nugget Online Gaming click here.

Shares of Golden Nugget Online Gaming closed at $13.79 yesterday.

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