Super Group price target raised to $11 from $9 at Oppenheimer

Oppenheimer raised the firm’s price target on Super Group (SGHC) to $11 from $9 and keeps an Outperform rating on the shares. The firm notes the company pre-announced Q4 ex-US revenue of EUR 486M and EBITDA of EUR 125M-EUR 130M on strong global iGaming/OSB engagement. Oppenheimer is most encouraged by Q4’s OSB revenue accelerating, which it attributes to product improvements generating higher customer retention, favorable regulatory comps, and operator-friendly EPL outcomes.