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Home โบ Stocks โบ Golden Matrix Group Inc. (GMGI) Stock Forecast & Price Prediction United States | NASDAQ | Communication Services | Electronic Gaming & Multimedia
$0.80
-0.02 (-2.72%)Did GMGI Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Golden Matrix is one of their latest high-conviction picks.
Based on our analysis of 3 Wall Street analysts, GMGI has a bullish consensus with a median price target of $2.70 (ranging from $1.80 to $4.00). The overall analyst rating is Strong Buy (9.0/10). Currently trading at $0.80, the median forecast implies a 238.9% upside. This outlook is supported by 2 Buy, 0 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Jack Vander Aarde at Maxim Group, projecting a 402.1% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for GMGI.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Feb 21, 2025 | Maxim Group | Jack Vander Aarde | Buy | Initiates | $4.00 |
| Sep 11, 2023 | EF Hutton | Michael Albanese | Buy | Reiterates | $4.00 |
| Aug 14, 2023 | EF Hutton | Buy | Reiterates | $N/A | |
| Jul 18, 2023 | EF Hutton | Buy | Reiterates | $N/A | |
| Jun 15, 2023 | EF Hutton | Michael Albanese | Buy | Reiterates | $4.00 |
| Mar 17, 2023 | EF Hutton | Michael Albanese | Buy | Reiterates | $4.00 |
| Jan 19, 2023 | EF Hutton | Michael Albanese | Buy | Maintains | $4.00 |
| Dec 22, 2022 | EF Hutton | Michael Albanese | Buy | Initiates | $3.00 |
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Golden Matrix Group Inc. has a market capitalization of $112.57M with a P/E ratio of -79.0x. The company generates $179.14M in trailing twelve-month revenue with a -3.0% profit margin.
Revenue growth is +15.4% quarter-over-quarter, while maintaining an operating margin of -0.8% and return on equity of -5.0%.
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Provides online gaming systems and technology platforms.
The company generates revenue by designing and selling access management and gaming loyalty reward solutions to businesses in the online gaming sector. By offering infrastructure that enhances user engagement and retention, it creates value for its clients, ultimately leading to increased monetization opportunities.
Golden Matrix Group has positioned itself as a significant player in the digital entertainment industry, focusing on scalable and customizable solutions that cater to the evolving needs of the online gaming market. Its continuous growth in digital user engagement places it in a strong position to capitalize on emerging markets where technological integration is expanding.
Communication Services
Electronic Gaming & Multimedia
1,200
Mr. Anthony Brian Goodman
United States
2021
Meridianbet, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), highlights its commitment to disability inclusion on International Day of Persons with Disabilities, focusing on workforce and technology initiatives.
Meridianbet's commitment to disability inclusion may enhance its brand reputation, attract socially-conscious investors, and potentially open new market opportunities, impacting GMGI's stock performance.
Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), received a software provider license from Sweden's Spelinspektionen, enabling distribution of gaming software in Sweden.
Expanse Studios' license from Sweden's gambling authority enhances its market position in Europe, potentially increasing revenue and attracting investments for Golden Matrix Group Inc.
Expanse Studios, a subsidiary of Golden Matrix Group (NASDAQ: GMGI), has secured a content distribution agreement with MerkurXtip, enhancing its presence in European markets.
The agreement enhances GMGI's market presence in Europe, potentially increasing revenue through expanded distribution and partnerships, which can positively impact stock performance.
Expanse Studios obtains a Romanian ONJN Class 2 B2B license, enabling it to distribute gaming content in a โฌ600M market, supporting GMGI's European expansion efforts.
Expanse Studios' new license opens access to a lucrative โฌ600M gaming market, enhancing GMGI's growth potential and competitive positioning in regulated Europe.
Aleksandar Milovanoviฤ, founder of Meridianbet, is converting $8 million of cash owed into equity, enhancing the company's balance sheet and indicating confidence in Golden Matrix's growth.
Aleksandar Milovanoviฤ's equity conversion bolsters Meridianbet's balance sheet, indicating confidence in future growth and potentially enhancing shareholder value.
Expanse Studios, a division of Golden Matrix Group Inc. (NASDAQ: GMGI), has partnered with AdmiralBet to integrate its proprietary iGaming titles into AdmiralBet's online platforms.
The partnership enhances Expanse Studios' market reach and revenue potential in Europe, signaling growth opportunities for Golden Matrix Group and potentially boosting its stock value.
Based on our analysis of 3 Wall Street analysts, Golden Matrix Group Inc. (GMGI) has a median price target of $2.70. The highest price target is $4.00 and the lowest is $1.80.
According to current analyst ratings, GMGI has 2 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $0.80. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict GMGI stock could reach $2.70 in the next 12 months. This represents a 238.9% increase from the current price of $0.80. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company generates revenue by designing and selling access management and gaming loyalty reward solutions to businesses in the online gaming sector. By offering infrastructure that enhances user engagement and retention, it creates value for its clients, ultimately leading to increased monetization opportunities.
The highest price target for GMGI is $4.00 from Jack Vander Aarde at Maxim Group, which represents a 402.1% increase from the current price of $0.80.
The lowest price target for GMGI is $1.80 from at , which represents a 125.9% increase from the current price of $0.80.
The overall analyst consensus for GMGI is bullish. Out of 3 Wall Street analysts, 2 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $2.70.
Stock price projections, including those for Golden Matrix Group Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.