Super Group price target raised to $10 from $8 at Benchmark

Benchmark raised the firm’s price target on Super Group (SGHC) to $10 from $8 and keeps a Buy rating on the shares after the company announced that it expects to surpass its previously issued FY24 guidance for ex-U.S. total revenue and adjusted EBITDA. With new highs in monthly deposits and revenue, particularly in December, Q4 is “anticipated to be its strongest yet” and the company highlighted strong momentum in its U.S. business, the analyst noted.