Argus Research has recently updated its equity research report on Golden Matrix Group Inc. (NASDAQ: GMGI), reaffirming a fair value estimate of $4.00 per share. This valuation underscores the firm's optimism regarding the gaming technology company's growth prospects, with revenues expected to reach $200 million by 2025. Such growth, representing a 32% year-over-year increase, is attributed to Golden Matrix's strategic initiatives, including expansion into new markets like Brazil and the U.S. sweepstakes space, alongside its advanced AI-driven platform.
The report employs a 2.75x Enterprise Value to Revenue multiple for its valuation, slightly below the peer average of approximately 3x. This conservative approach does not detract from the firm's positive outlook, as it highlights Golden Matrix's proprietary technology, effective mergers and acquisitions strategy, and a strengthened balance sheet through debt reduction. The $4.00 price target suggests a potential upside of over 180% from the current share price, reflecting strong confidence in the company's trajectory.
Golden Matrix's diversified business model, encompassing both B2B and B2C gaming technology divisions, is a key factor in its competitive positioning across various international markets. The company's ability to leverage its technological advancements and strategic expansions is central to Argus Research's bullish stance. For more detailed insights into Golden Matrix's strategic positioning and future potential, refer to the Argus Research comprehensive analysis.
