Clark Lampen, an analyst from BTIG, maintained the Buy rating on Super Group (SGHC). The associated price target remains the same with $14.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Clark Lampen has given his Buy rating due to a combination of factors that highlight Super Group’s promising financial outlook. One of the key reasons is the positive reaction to the company’s updated 2025 guidance and multi-year financial forecasts presented at the Investor Day in London. Lampen notes that there is a discrepancy in how some platforms are adjusting USD forecasts, which incorrectly suggests that the company is guiding below consensus. However, once these adjustments are properly accounted for, the company’s forecasts appear favorable and could lead to higher projections.
Additionally, Lampen points out that the company’s revenue, primarily driven by online casino operations, is expected to grow steadily. This growth, combined with potential gains in the sports business and new market expansions, suggests that Super Group could outperform expectations. Furthermore, the company’s expected EBITDA growth and the durability of its business model, particularly due to its focus on iGaming, support the potential for multiple expansion and a premium valuation. These factors collectively underpin Lampen’s Buy rating, with a price target of $14.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $13.00 price target.