Catapult Group International (CAZGF) has received a new Buy rating, initiated by Goldman Sachs analyst, Lindsay Bettiol.
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Lindsay Bettiol has given his Buy rating due to a combination of factors that highlight Catapult Group International’s promising position in the sports technology sector. The company is recognized for its innovative technology solutions, which include wearable devices and data analysis tools that are widely used by professional sports teams around the world. This extensive client base, which includes prestigious teams from the NFL, Formula One, and major soccer clubs, underscores the company’s strong market presence.
Furthermore, the sports technology industry is expected to experience significant growth, with projections indicating a compound annual growth rate of 15% through FY30. Catapult’s strategic positioning within this expanding market suggests that it is well-placed to capitalize on these growth opportunities. These factors collectively support the Buy recommendation, reflecting confidence in Catapult’s potential for sustainable growth and value creation.
In another report released on November 5, Bell Potter also upgraded the stock to a Buy with a A$7.50 price target.