10 Best Long Term Penny Stocks with Huge Upside Potential

5. Bragg Gaming Group Inc. (NASDAQ:BRAG)

Share Price as of October 21: $2.69

5-Year Revenue CAGR: 24.19%

Number of Hedge Fund Holders: 2

Average Upside Potential as of October 21: 95.41%

Bragg Gaming Group Inc. (NASDAQ:BRAG) is one of the best long term penny stocks with huge upside potential. On October 17, Citizens JMP downgraded Bragg Gaming to Market Perform from Outperform without a price target. This sentiment was announced as the firm noted that the company’s shares currently trade at a 0.5x discount to peers, given the uncertain outcome and EBITDA impact tied to the loss of a high-value customer (BetCity) and tax changes.

BetCity will have a material impact on the company’s revenue and a minor hit to EBITDA, but the timing is unknown. The firm sees risk to Bragg’s forward estimates and says the company should trade at a discount to the group. Citizens JMP views Bragg Gaming as fairly valued at current levels. Earlier on September 19, Citizens JMP analyst Jordan Bender reiterated a Buy rating on the company with a price target of $4.00.

Bragg Gaming Group Inc. (NASDAQ:BRAG) operates as an iGaming content and technology solutions provider serving online and land-based gaming operators with its proprietary and exclusive content.