In a significant development, shareholders of GanLimited (GAN, Financial) have given their approval for the merger with Sega Sammy. This decision was made during a special general meeting. The merger has already secured clearance from the U.S. Committee on Foreign Investment and has also received the green light from various gaming regulatory bodies, including the Nevada Gaming Commission.
Despite these approvals, the merger's completion is contingent upon fulfilling additional regulatory and customary conditions. The companies expect the finalization of this merger to occur 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.
