#5 - Gan Limited (NASDAQ:GAN)
An attractive way to invest in any sector is to invest in companies that build out the underlying technology. For example, investors looking for exposure to the electric vehicle sector could choose to invest in semiconductor companies that make the chips that will be essential to these vehicles.
And when it comes to sports betting, that means investing in companies that provide the software that mobile and online sports books require. If that interests you, one company to consider is Gan Limited (NASDAQ:GAN). The company offers GAN PAM (Player Account Management) which is a complete end-to-end business-to-business solution. This system includes patent protection something that is dear to every investor’s heart
The company posted strong revenue numbers in 2021 after getting hit with pandemic headwinds in 2020. Revenue growth is slowing in 2022, but the company is still expected to show double-digit growth in revenue and earnings over the next five years. That would make it more likely that the company would meet its forecast for profitability in 2024. In the meantime, analysts tracked by MarketBeat give the stock a 12-month price target of $9.17.
About GAN
GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. It operates through two segments: B2B and B2C. The company provides and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming.
Read More - Current Price
- $1.84
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
