In a report released today, Bernie McTernan from Needham reiterated a Buy rating on Super Group (SGHC), with a price target of $15.00.
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Bernie McTernan has given his Buy rating due to a combination of factors, primarily highlighted during Super Group’s recent investor day in London. The company has increased its 2025 earnings guidance, which now surpasses previous expectations by 16% in terms of adjusted EBITDA. This upward revision indicates strong financial performance and potential for growth.
Furthermore, McTernan noted the company’s strategic focus on its African operations, which have shown significant market share gains due to product advantages. Additionally, Super Group’s presentation of their cohort curves provided further evidence of their impressive year-to-date growth, reinforcing confidence in their business model and future prospects.
McTernan covers the Consumer Cyclical sector, focusing on stocks such as Super Group (SGHC), Flutter Entertainment PLC, and DraftKings. According to TipRanks, McTernan has an average return of 10.3% and a 53.51% success rate on recommended stocks.
In another report released today, Citizens JMP also maintained a Buy rating on the stock with a $16.00 price target.