ThinkEquity initiated coverage of High Roller Technologies with a Buy rating and $8 price target. High Roller is a digital-only casino operator focused on a narrow band of regulation-ready jurisdictions, the analyst tells investors in a research note. The firm says that unlike its sportsbook-led peers, the company is purpose-built for internet casino, with active operations in Finland and licensing initiatives underway in Ontario and Alberta. These markets offer structurally higher customer value, improving the economics of acquisition and retention, contends ThinkEquity.
