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Posted by
Two Blokes Jul 17 -
Filed in
Stock
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4 views
Evolution AB reported good Q2 results, alleviating growth concerns with a return to sequential growth. Profitability had a hiccup, but the hiccup isn't cause for concern. The great financial track record and secular growth in online gaming make Evolution's growth outlook good as the narrative shifts from regulatory scrutiny. As Evolution's stock has declined, the stock is now very attractively priced. I estimate 75% upside to $139 in a base scenario.
