Analyst Bernie McTernan from Needham maintained a Buy rating on Super Group (SGHC) and keeping the price target at $17.00.
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Bernie McTernan has given his Buy rating due to a combination of factors tied to Super Group’s longer-term growth profile. He highlights the company’s anticipated growth into 2026, underpinned by the strong performance and ongoing contribution of its 2025 customer cohorts, which are expected to provide durable revenue momentum. In addition, management’s commentary at the Needham Growth Conference reinforced confidence in Super Group’s ability to execute on its strategic plan and translate operational initiatives into financial upside.
McTernan also points to the company’s geographic expansion as a key component of the Buy thesis, particularly new market entries across Africa where management sees attractive customer acquisition opportunities. A renewed strategic push in Nigeria is another important driver, as success there could meaningfully enhance both scale and profitability. Taken together, these growth vectors support his view that the stock offers an appealing risk/reward profile at current levels, justifying the Buy recommendation.
According to TipRanks, McTernan is a 4-star analyst with an average return of 4.3% and a 45.20% success rate. McTernan covers the Consumer Cyclical sector, focusing on stocks such as DraftKings, Bed Bath & Beyond, and Flutter Entertainment PLC.
In another report released yesterday, Benchmark Co. also reiterated a Buy rating on the stock with a $17.00 price target.