Benchmark Co. analyst Mike Hickey reiterated a Buy rating on Super Group (SGHC) yesterday and set a price target of $18.00.
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Mike Hickey’s rating is based on Super Group (SGHC)’s impressive financial performance and optimistic future outlook. The company has recently raised its full-year 2025 guidance, surpassing both consensus expectations and previous estimates from Benchmark StoneX. This upward revision highlights SGHC’s robust international business model and its capacity to convert customer engagement into increasing profitability.
Furthermore, SGHC has provided its first medium-term financial targets through 2028, indicating strong revenue and AEBITDA growth. The company’s guidance suggests a significant improvement in profitability margins, which are expected to exceed consensus forecasts. Additionally, the valuation of SGHC has been adjusted with a raised price target, reflecting a 15x multiple on normalized FY25/FY26 AEBITDA, underscoring the potential for substantial valuation upside. These factors collectively support the Buy rating and position SGHC as a top investment idea.
According to TipRanks, Hickey is a 5-star analyst with an average return of 7.1% and a 62.42% success rate. Hickey covers the Communication Services sector, focusing on stocks such as IMAX, Electronic Arts, and Genius Sports Limited.
In another report released on September 15, Macquarie also initiated coverage with a Buy rating on the stock with a $17.00 price target.