Golden Matrix Group Initiation: Strong Buy On Brazil Expansion And Raffle Growth

Group 1 - The article initiates coverage on Golden Matrix Group, Inc. (NASDAQ: GMGI) with a Strong Buy rating and a price target of $8 [1] - Golden Matrix Group specializes in providing enterprise SaaS gaming platforms and licensed content to online casinos and sportsbooks, indicating a growing market presence [1] - Moretus Research emphasizes a structured approach to equity research, focusing on companies with durable business models and mispriced cash flow potential [1] Group 2 - The research methodology of Moretus Research combines rigorous fundamental analysis with a judgment-driven process, aiming to filter out noise and overly complex forecasting [1] - Valuation practices are based on sector-relevant multiples tailored to each company's business model, emphasizing comparability and relevance [1] - The research coverage targets underappreciated companies undergoing structural changes or temporary dislocations, which can lead to asymmetric returns [1]