NuWays sets bet-at-home price target at EUR 5, reiterates Buy rating

PUBT · 2d ago
NuWays sets bet-at-home price target at EUR 5, reiterates Buy rating
  • NuWays reiterated a Buy on bet-at-home.com, cut its 12-month target price to EUR 5 from EUR 5.5.
  • Q2 2026 net revenue forecast at EUR 9.7 million, up 9.8% year on year, driven by World Cup-related advertising.
  • EBITDA expected at EUR -0.3 million as marketing costs rise to EUR 5.7 million, up 72% year on year.
  • NuWays cut full-year gross betting and gaming revenue view to EUR 49 million from EUR 52.1 million; EBITDA estimate to EUR 0.5 million from EUR 3.6 million.
  • Austrian draft reform to end the online gambling monopoly flagged as a potential catalyst, not yet included in forecasts.


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