Analyst Jason Tilchen from Canaccord Genuity maintained a Buy rating on Super Group (SGHC) and keeping the price target at $18.00.
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Jason Tilchen has given his Buy rating due to a combination of factors tied to Super Group’s solid fundamentals and outlook. He notes that the company delivered strong Q4 results, particularly in online casino, where growth across Africa and Europe offset weaker sports betting outcomes driven by unusually customer-favorable soccer results. The company’s guidance for fiscal 2026 points to revenue and adjusted EBITDA meaningfully ahead of market expectations, with margin expansion projected even after incorporating higher U.K. gaming taxes, supported by more efficient marketing and operating leverage.
He also highlights strategic catalysts, including closing the Apricot acquisition, which will give Super Group full control of Betway’s sportsbook technology and should accelerate product innovation and user monetization. Despite ongoing share-price pressure tied largely to negative sentiment toward the broader U.S. digital gaming space rather than company-specific issues, he views the current valuation as compelling relative to Super Group’s growth trajectory and cash generation. Additional shareholder returns via a higher regular dividend, a recent special dividend, and new credit capacity further reinforce his positive stance on the stock.
In another report released today, Needham also maintained a Buy rating on the stock with a $17.00 price target.