Latest news with #ArgusResearch
Associated Press
23-05-2025
- Business
- Associated Press
Argus Research Reaffirms $200M 2025 Revenue Forecast for Golden Matrix (GMGI)
Las Vegas, Nevada--(Newsfile Corp. - May 23, 2025) - Argus Research has issued an updated equity research report about Golden Matrix Group Inc. (NASDAQ: GMGI), reiterating its fair value estimate for GMGI shares. The report highlights significant upside potential relative to current trading levels and forecasts continued revenue growth and operational expansion across key global markets. To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: [ This image cannot be displayed. Please visit the source: ] Click image above to view full announcement. About Golden Matrix Group Golden Matrix Group, based in Las Vegas, NV, is an established B2B and B2C gaming technology company operating across multiple international markets. The B2B division of Golden Matrix develops and licenses proprietary gaming platforms for its extensive list of clients, while its B2C division, including Meridianbet, operates regulated online sports betting and gaming sites. Connect with us: X - Instagram - Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding revenue forecasts, market expansion, and valuation targets. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Forward-looking statements speak only as of the date they are made, and Golden Matrix undertakes no obligation to update or revise them. Factors that may affect these results include but are not limited to, changes in market conditions, regulatory developments, operational execution, and other risks detailed in the company's filings with the U.S. Securities and Exchange Commission. Contacts: Milan Koricanac [email protected] Source: Meridianbet Group To view the source version of this press release, please visit
Yahoo
19-05-2025
- Business
- Yahoo
Targa Resources Corp. (TRGP) Price Target Lowered at Argus
The price target of Targa Resources Corp. (NYSE:TRGP) was recently lowered by Argus Research. Let's shed some light on the development. An oil tanker at sunset, symbolizing the company's supply of global crude oil. Targa Resources Corp. (NYSE:TRGP) is one of the largest independent midstream infrastructure companies in North America. It was recently revealed that Argus Research, a New York-based investment research firm, lowered the price target for Targa Resources Corp. (NYSE:TRGP) from $250 to $190, while maintaining a Buy rating on the stock. The analyst has blamed Targa's unimpressive performance in Q1 2025 for the move. However, it still projects the energy company's 2025 EBITDA to exceed management's $4.65 billion-$4.85 billion guidance, assisted by strong production in the Permian basin. Targa Resources Corp. (NYSE:TRGP) recently reported lower-than-expected results for its Q1 2025, posting an EPS of $0.91 against expectations of $1.98. The company's revenue of $4.56 billion also missed forecasts by over $337 million. However, TRGP's adjusted EBITDA rose by 22% YoY to a record $1.18 billion, while it also raised its quarterly dividend by 33% in April to $1 per share. Moreover, the company repurchased $124.9 million worth of shares in the first quarter, with $890.5 million still remaining under its stock buyback program. While we acknowledge the potential of TRGP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TRGP and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
