Super Group price target raised to $9 from $6 at Oppenheimer

Oppenheimer raised the firm’s price target on Super Group (SGHC) to $9 from $6 and keeps an Outperform rating on the shares. Super Group raised its 2024 EBITDA guidance by 4% on strong customer engagement in core markets that the firm sees reflecting a more consistent earnings compounder, the analyst tells investors in a research note. Declaring a special cash dividend signals solid visibility into 2025, and the firm forecasts margins expanding 100 basis points on a more favorable global regulatory environment, Oppenheimer says.