Bernie McTernan, an analyst from Needham, maintained the Buy rating on Super Group (SGHC). The associated price target is $15.00.
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Bernie McTernan has given his Buy rating due to a combination of factors including Super Group’s (SGHC) impressive third-quarter performance. The company reported a significant beat in both revenue and Adjusted EBITDA, surpassing consensus estimates by 9% and 25%, respectively.
Moreover, SGHC has revised its full-year outlook upwards, increasing revenue projections by 3% and Adjusted EBITDA by 1% since their investor day in September. Although the fourth-quarter Adjusted EBITDA guidance is slightly below consensus, the company’s history of conservative guidance suggests potential for positive surprises. These factors collectively support McTernan’s positive outlook on SGHC’s stock.
McTernan covers the Consumer Cyclical sector, focusing on stocks such as Super Group (SGHC), DraftKings, and thredUP. According to TipRanks, McTernan has an average return of 5.8% and a 47.20% success rate on recommended stocks.