strong start in Michigan<\/a>.<\/p>\nThose factors and others indicate a run to $28 for GNOG stock isn’t out of the realm of possibility.<\/p>\n
Katz’s forecast is based on \u201c1) enterprise value\/2023 estimated revenue of 8.25X is appropriate given leaders in US digital gaming 12X+, 2) Legalized total addressable market of $19 billion\/eight percent to 10 percent market share\/30 percent margin\/13.5X earnings before interest, taxes, depreciation and amortization (EBITDA)\/12 percent weighted average cost of capital (WACC), which results in $30, 3) Multi-stage DCF to 2033, which yields a value of $26, which comprises a total blended valuation of $28.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Golden Nugget Online Gaming (NASDAQ:GNOG) stock is soaring Tuesday after a Wall Street analyst said the shares could double. In midday trading, the online casino operator is higher by 13.70 percent — easily enough to make it one of the best-performing gaming equities today. Jefferies analyst David Katz initiating coverage of GNOG with a \u201cbuy\u201d […]<\/p>\n","protected":false},"author":46,"featured_media":169698,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,19],"tags":[],"acf":[],"yoast_head":"\n
GNOG Stock Could Double, According to Jefferies Analyst<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n