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.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SGHC: