BTIG analyst Clark Lampen raised the firm’s price target on Super Group (SGHC) to $11 from $9 and keeps a Buy rating on the shares. The firm is updating its model to reflect the recent shift in presentation currency and a better setup for the company’s Sportsbook business in FY25/FY26 relative to its pre-launch expectations, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SGHC:
- Super Group (SGHC) Adopts USD for Financial Reporting
- Netflix, Reddit downgraded: Wall Street’s top analyst calls
- Craig-Hallum bullish on Super Group, initiates with a Buy
- Super Group initiated with a Buy at Craig-Hallum
- Super Group’s Strong Q1 Performance Prompts Buy Rating from Analyst Bernie McTernan