The novel coronavirus pandemic has triggered some fundamental lifestyle changes. Specifically, the online gaming and gambling sector has been a major beneficiary of these pandemic-driven changes. Golden Nugget Online (GNOG) seems to be well-positioned to gain from the tailwinds. In terms of the stock price action, GNOG surged to $26.24 at the end of 2020 before reaching a low of $12.80 at the end of March. Currently, shares are changing hands for $13.55 apiece. As for the analyst community, Jefferies’ David Katz recently initiated coverage on Golden Nugget with a Buy rating and set a $28 price target (107% upside potential).
https://www.tipranks.com/news/article/golden-nugget-a-compelling-play-in-the-online-gaming-industry
Golden Nugget Online Gam... (NASDAQ:GNOG)
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Golden Nugget Online Gam... (NASDAQ:GNOG)
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From Oct 2020 to Oct 2021 Click Here for more Golden Nugget Online Gam... Charts.