Canaccord raised the firm’s price target on Super Group (SGHC) to $11 from $10 and keeps a Buy rating on the shares. The firm said they reported strong Q4 results following a preannouncement last month, with a record quarter on both the top and bottom lines. This strong performance was broad-based across geographies and verticals, with continued momentum in Africa complemented by favorable sport outcomes and heightened engagement in Europe, Canada, and New Zealand.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SGHC:
- Optimistic Buy Rating for Super Group (SGHC) Amid Strong Performance and Growth Potential
- Super Group Reports Record 2024 Financial Performance
- Super Group reports Q4 revenue EUR 500M vs. EUR 359.9M last year
- Super Group sees FY25 revenue greater than EUR 1.92B
- Super Group Reports Record Q4 2024 Results and Raises Dividend