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 cites company having pre-announced stronger Q2 results, increased their FY25 guidance, and announced the decision to sunset their US iGaming operations. Beyond Q2, there could also be a second layer of upside vs. the Street estimates if the company is able to retain/engage Club World Cup actives into the domestic league seasons, the analyst tells investors in a research note.
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Read More on SGHC:
- Super Group price target raised to $15 from $14 at Canaccord
- Positive Outlook for Super Group (SGHC) Amid Strategic US Market Exit and Record Q2 Results
- Super Group price target raised to $13 from $11 at BTIG
- Super Group price target raised to $14 from $12 at Benchmark
- Super Group Raises 2025 Guidance, Plans U.S. iGaming Exit