What Goldman likes about the Jumbo Interactive (ASX:JIN) share price

It has been a topsy-turvy few years for long-term shareholders of digital lottery business Jumbo Interactive Ltd (ASX: JIN). After surging from below $10 to almost $30 by October 2019, the Jumbo share price dropped off a cliff. The fall was precipitated by panic-selling as the spread of COVID-19 wreaked havoc across global share markets, and by March Jumbo shares had dropped back below $10 again.

Since March, the Jumbo Interactive share price has recovered slightly and is trading at $13.87 as at the time of writing. However, this is well short of the lofty highs of around $27 the company’s shares had hit back in October 2019.

But major broker Goldman Sachs Group still feels bullish about the prospects for Jumbo Interactive…