The Globe and Mail reports in its Wednesday, Sept. 2, edition that ATB Cormark Capital Markets analyst David McFadgen lowered his share target for Bragg Gaming Group to $3.70 from $6.80, while maintaining an "outperform" ranking. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $8.64. Mr. McFadgen says in a note: "We are revising our estimates to factor in the Q2/26 results. We are now forecasting 2026 revenue of 92.7-million euros, adj. EBITDA of 13.6-million euros, and adj. dil. EPS of 0.16 euros. For 2027, we now forecast revenue of93.4-million euros, adj. EBITDA of 15-million euros, and adj. dil. EPS of 0.07 euros. Bragg Gaming Group reported a soft Q2/26 missing our revenue and adj. EBITDA estimates, revenue declined by 12.2 per cent year over year while adj. EBITDA increased by 1.8 per cent."
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