Canaccord analyst Jason Tilchen raised the firm’s price target on Super Group (SGHC) to $15 from $14 and keeps a Buy rating on the shares. The firm noted they provided a series of updates, detailing strong Q2 results, raising its FY25 outlook, and announcing its planned exit from the US iGaming market. The company experienced broad-based strength across its sports betting and iGaming platforms, with operating momentum carrying over from recent quarters and resulting in record revenue and adj. EBITDA.
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Read More on SGHC:
- Positive Outlook for Super Group (SGHC) Amid Strategic US Market Exit and Record Q2 Results
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- 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