Canaccord Genuity (TSX:CF, LSE:CF) analysts diminished their goal worth on Bragg Gaming Group (TSX:BRAG, NASDAQ:BRAG) Inc to C$21 per share from $30, whereas sustaining a ‘Speculative Buy’ score on inventory, which they mentioned displays the broader sell-off in comparable firms over the previous six months.
The analysts did observe, although, that Bragg Gaming elevated its fiscal 2021 and 2022 steering, which was pushed primarily by greater-than-expected success within the firm’s European enterprise.
“Management highlighted the rise of its whole addressable market (TAM) from $2.5 billion to $18 billion in fiscal 2022 because it advantages from geographical growth,” the Canaccord analysts wrote.
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