Needham raised the firm’s price target on Super Group (SGHC) to $14 from $11 and keeps a Buy rating on the shares after the company increased its 2025 revenue and adjusted EBITDA guidance. The timing of the increase was unexpected and driven by record Q2 results, partly benefitting from the Club World Cup, the analyst tells investors in a research note. Needham points out Super Group also announced the exit of its U.S. interne gaming business.
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