BTIG raised the firm’s price target on Super Group (SGHC) to $13 from $11 and keeps a Buy rating on the shares. The firm said that the increased FY25 guidance from the company’s Q2 preannouncement was less surprising than the overall magnitude of the adjustment, as the firm believes Super Group have adjusted their guidance primarily to reflect Q2 strength. In aggregate, the sports business appears to be stronger than BTIG initially believed and its estimates and price target once again move higher to reflect that, the analyst tells investors in a research note.
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Read More on SGHC:
- Super Group price target raised to $14 from $12 at Benchmark
- Super Group Raises 2025 Guidance, Plans U.S. iGaming Exit
- Super Group raises FY25 revenue view to $2B from $1.93B, consensus $2.06B
- Super Group announces intention to exit U.S. iGaming operations
- Super Group management to meet virtually with BTIG