Bragg Gaming Group

BRAG · TORONTO

$1.09−$0.01 (−0.91%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $1.10

BRAG analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 5 analysts

Average $4.21 (+286.1% upside)

Low: $2.63
Now: $1.09
High: $6.19

Upgrades and downgrades

The latest rating actions, newest first

BRAG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Maxim Group	Jun 9, 2026	Maintains	Buy	$8.00 → $6.00	6%

The case for and against

Updated Feb 2, 2026

Bull case

Bragg Gaming Group has demonstrated robust growth, with proprietary content revenue in the U.S. increasing by 270% year-over-year, significantly outpacing the overall market expansion of 31%. Additionally, the company reported a 44% year-over-year growth in proprietary content revenue, underscoring its competitive position in the online gaming sector. Furthermore, projections indicate that the adjusted EBITDA margin is expected to improve in the second half of 2025 due to anticipated synergies and cost optimization efforts.

Bear case

Bragg Gaming Group Inc. revised its FY25 revenue guidance to €106.0M–€108.5M and AEBITDA to €16.5M–€18.5M, reflecting a significant drop from prior expectations of double-digit growth. The company's Q2 earnings missed projections, exacerbated by adverse regulatory changes in the Netherlands and Brazil, leading to a 25% year-over-year decline in industry gross gaming revenue (GGR) alongside Bragg’s own 17% revenue decrease. These financial challenges, coupled with the new guidance outlook, contribute to a negative assessment of the company's stock performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.