In the first quarter, GAN (GAN, Financial) reported revenue of $29.4 million, marking a 4% decline compared to the same period last year. Despite this dip, the company's Chief Executive Officer expressed satisfaction with the ongoing progress in executing their business strategy and optimizing costs. The CEO highlighted robust B2C outcomes, particularly in Europe and Latin America, emphasizing the company's strong market positioning in these regions. Additionally, GAN is approaching the final stages of regulatory approvals for its merger with Sega Sammy, anticipating completion in the second quarter of 2025.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for GAN Ltd (GAN, Financial) is $1.97 with a high estimate of $1.97 and a low estimate of $1.97. The average target implies an upside of 8.24% from the current price of $1.82. More detailed estimate data can be found on the GAN Ltd (GAN) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, GAN Ltd's (GAN, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for GAN Ltd (GAN, Financial) in one year is $1.87, suggesting a upside of 2.75% from the current price of $1.82. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the GAN Ltd (GAN) Summary page.
