From what 0 stock analysts predict, the share price for Golden Nugget Online Gaming, Inc. (GNOG) might increase by 244.98% in the next year. This is based on a 12-month average estimation for GNOG. Price targets go from $18.83 to $21. The majority of stock analysts believe GNOG is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
Golden Nugget Online Gaming, Inc. has a total of 0 Wall St Analyst ratings. There are 0 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a sell consensus rating, the expectation is that Golden Nugget Online Gaming, Inc. will perform worse than the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of GNOG.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Mike Hickey Benchmark | Hold | Downgrade | Aug 11, 2021 | |
David Bain B. Riley Securities | Neutral | Downgrade | Aug 10, 2021 | |
B. Riley Securities | Buy | Initiates | Jul 8, 2021 | |
Jefferies | Buy | Initiates | Apr 6, 2021 | |
Benchmark | Buy | Initiates | Jan 13, 2021 |
When did it IPO
2016
Staff Count
259
Country
United States
Sector/Industry
/
CEO
Mr. Tilman J. Fertitta
Market Cap
$271.0M
In 2023, GNOG generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that GNOG's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - GNOG stock is attracting investor attention amid speculation that DraftKings may announce a takeover on May 6.
Why It Matters - Speculation of a DraftKings takeover of GNOG could drive stock volatility, impacting investor sentiment and potential gains or losses associated with the acquisition.
Summary - CNBC reports on recent price movements in sports betting stocks, indicating potential shifts in the market for investors to monitor.
Why It Matters - Price movements in sports betting stocks indicate market sentiment and potential profitability in the sector, influencing investment strategies and portfolio allocations.
Summary - Affinity Interactive and Golden Nugget Online Gaming have signed a multiyear agreement for market access in Missouri, allowing GNOG to provide mobile sports betting and online casino services.
Why It Matters - The partnership expands GNOG's market presence in Missouri, increasing potential revenue from mobile sports betting and online gaming, which can boost investor confidence and stock value.
Summary - OtherLevels Holdings Limited has renewed its partnership with Golden Nugget Online Gaming Inc. for two more years. Financial terms of the agreement were not disclosed.
Why It Matters - The partnership extension signals confidence in growth potential and strategic alignment, which may enhance revenue and market positioning for both companies, impacting stock performance.
Summary - Golden Nugget Online Gaming (NASDAQ: GNOG) has renewed its partnership with OtherLevels for two years, expanding into West Virginia alongside current operations in Michigan and New Jersey.
Why It Matters - The partnership extension enhances Golden Nugget's market reach and player engagement, potentially driving revenue growth and increasing its competitive edge in the expanding iGaming sector.
Summary - Golden Nugget Online Gaming reported Q3 2021 revenue of $35.6 million, a 37.4% increase from $25.9 million in Q3 2020.
Why It Matters - Golden Nugget's 37.4% revenue growth signals strong demand and effective business strategies, potentially boosting investor confidence and influencing stock performance.