Recently, Benchmark analysts maintained a Speculative Buy rating for Bragg Gaming Group Inc. (NASDAQ:BRAG). They also held a steady price target of $6.00. InvestingPro Analysis Finds Stock Undervalued, Trading at $4.28 This is with analysts setting targets between $6.00 and $11.00. The firm’s analysts highlighted Bragg Gaming Group’s strong entry into 2025. The company was propelled by a record revenue increase, showing 9.07% growth over the past twelve months. This is an expansion of high-margin proprietary content, as well as growing market presence in strategic regions.
Bragg Gaming Group is boosting profitability and accelerating AEBITDA growth by focusing on exclusive content and integrating AI-driven platform enhancements. Analysts forecast positive earnings in the current year, while InvestingPro data shows the company isn’t currently profitable. With these markets expected to contribute an estimate of 25% of the total revenue of Bragg by the end of the year, the company is expecting significant growth in North America and Brazil. InvestingPro subscribers have access to 6 additional key insights about the financial health and growth prospects of BRAG.
Bragg Gaming Group is enhancing its market position by partnering with major U.S. operators, including Caesars (NASDAQ:CZR), DraftKings (NASDAQ:DKNG), and Fanatics. Additionally, Brazil’s rapidly evolving iGaming sector presents a significant long-term growth opportunity. Bragg’s financial stability, reinforced by consistent cash flow, enables ongoing investment in technology, content development, and expansion into new markets.
Bragg is enhancing profitability and shareholder value by focusing on higher-margin revenue streams, regulatory expansion, and operational efficiencies. This strategic approach strengthens its market position and boosts financial performance.
In other recent news, Bragg Gaming Group reported quarterly revenue of €27 million, slightly below consensus estimates. On the other hand, its EBITDA of €4.7 million exceeded expectations. With adjusted EBITDA expected to grow by 1%, the company has projected a revenue increase of at least 9% for the previous year, reaching €102 million.
