Argus Research Forecasts $200M Revenue for Golden Matrix, Sees 180% Stock Upside
TL;DR
GMGI shares forecasted to have +180% upside potential with a $4.00 price target
Argus Research report values GMGI at 2.75x EV/Revenue multiple, projecting 2025 revenues of $200 million
GMGI's continued revenue growth and operational expansion contribute to making global markets more prosperous
GMGI's successful M&A track record and proprietary technology drive significant upside potential for investors
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Argus Research has issued a bullish equity research report on Golden Matrix Group Inc. (NASDAQ: GMGI), maintaining its $4.00 fair value estimate and forecasting robust financial performance for the gaming technology company in 2025.
The report highlights GMGI's potential for substantial growth, projecting revenues of $200 million—a 32% year-over-year increase. Analysts value the company at a 2.75x enterprise value to revenue multiple, noting that this remains below the peer average of approximately 3x.
Key strengths identified include the company's proprietary technology, successful mergers and acquisitions strategy, and strategic expansion into new markets such as Brazil and the U.S. sweepstakes sector. The price target implies more than 180% potential upside from the current share price.
The financial outlook is further bolstered by the company's improved balance sheet, achieved through debt reduction and restructuring acquisition obligations. Golden Matrix's diversified business model, spanning both business-to-business and business-to-consumer gaming technology segments, positions it favorably for continued growth.
With its AI-driven platform and expanding international market presence, Golden Matrix appears poised to capitalize on emerging opportunities in the global gaming technology landscape.
Curated from Reportable
