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In a remarkable display of market confidence, Gambling.com Group's stock has surged to an all-time high, reaching a price level of $17.13. The company's "GREAT" financial health score on InvestingPro supports this momentum, with impressive gross profit margins of ~92% and robust revenue growth of ~28% in the last twelve months. This milestone underscores the company's significant growth trajectory over the past year, which has been marked by a substantial 78.7% increase in its stock value. Investors have rallied behind Gambling.com, propelling the stock to new heights as the company continues to capitalize on the expanding online betting industry. The all-time high represents not just a peak for the past 52 weeks, but the highest price the stock has ever achieved since the company went public, signaling strong investor optimism about the future of Gambling.com Group. Analyst price targets reaching as high as $21 suggest further upside potential, with InvestingPro subscribers having access to 13 additional exclusive insights about the company's performance and outlook.
In other recent news, Gambling.com has been a focal point of several analyst updates. Benchmark lifted their stock target to $18, maintaining a Buy rating, highlighting the company's robust momentum and record revenue. They also noted Gambling.com's potential for continued expansion, particularly in Europe, despite expected short-term challenges in the North American market.
Gambling.com's strategy of organic growth within the iGaming sector, strategic mergers and acquisitions, and enhancing its digital assets collection is noteworthy. The recent acquisitions of Freebets.com and Odds Holdings are integral to this strategy.
Analysts from Truist Securities and Craig-Hallum also increased their price targets for Gambling.com to $18, following the acquisition of Odds Holdings. The acquisition is expected to immediately benefit Gambling.com's earnings before interest, taxes, depreciation, and amortization (EBITDA), with a projected 20% increase in EBITDA for 2025 and a potential doubling by 2026.
Stifel, another analyst firm, raised Gambling.com's share target to $17, in response to the same acquisition. These are recent developments and investors are advised to monitor new regulatory changes and the performance of the company's recent acquisitions.
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