GAN - GAN Limited rallies after strong revenue outlook

GAN Limited (GAN +4.8%) is the biggest gainer in the casino/iGaming/sports betting sector after setting aggressive goals at an investor event today. Analysts are impressed in their first look at the GAN update. "Net, shares just became 'cheaper,' driven by company-specific drivers/catalysts as well as continued visible online gaming TAM growth, in our view," says B. Riley Financial analyst David Bain. B. Riley keeps a Buy rating on GAN. Jefferies also has a Buy rating on GAN. "The meaningfully higher than expected revenue targets, coupled with Mgt's focus on its competitive positioning and growth drivers outlined in the initial release and expected in the analyst meeting, should prove to be positive for the shares," updates analyst David Katz. See more details on GAN's growth targets.

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GAN Limited rallies after strong revenue outlook