Canaccord Genuity analyst Matthew Weber maintained a Buy rating on Super Group (SGHC) yesterday and set a price target of $18.00.
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Matthew Weber has given his Buy rating due to a combination of factors, including Super Group’s stronger‑than‑expected Q1 performance and accelerating user growth. The company posted double‑digit increases in revenue and adjusted EBITDA, driven largely by record customer activity and robust expansion in Africa, while a new regional reporting structure highlights additional margin potential as that business scales.
Weber also points to a solid near‑term growth pipeline, with favorable regulatory and launch dynamics in Alberta and other international markets, as well as incremental upside from the upcoming World Cup that is only modestly reflected in guidance. With management reaffirming its multi‑year revenue and profit outlook and the $18 price target implying attractive upside based on a reasonable EBITDA multiple and DCF support, he views the current valuation as compelling for investors.
In another report released today, Oppenheimer also maintained a Buy rating on the stock with a $18.00 price target.
SGHC’s price has also changed slightly for the past six months – from $12.730 to $12.920, which is a 1.49% increase.