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Investing.com - Benchmark has raised its price target on SGHC Limited (NYSE:SGHC) to $16.00 from $15.00 while maintaining a Buy rating on the stock. The company has shown remarkable momentum, with shares surging over 105% year-to-date and currently trading near its 52-week high of $12.77.
The research firm cited the upcoming Analyst Day on September 18 as a potential catalyst for the stock, expecting SGHC to provide updated and expanded guidance that could extend over a medium term. According to InvestingPro analysis, the company maintains a "GREAT" financial health score, supported by strong revenue growth of 37% in the last twelve months.
Benchmark believes SGHC’s current guidance, which embeds a second-half deceleration compared to the first half of the year, is "overly conservative" given favorable market conditions and the company’s momentum.
The firm anticipates management will positively revise its 2025 outlook during the Analyst Day event, which Benchmark expects to be "the next major catalyst to unlock value" for the stock.
SGHC Limited remains a "Benchmark Best Idea," with the research firm noting the stock is positioned for "sustained valuation growth" due to improving liquidity and institutional demand.
In other recent news, Super Group reported strong second-quarter results that exceeded expectations, with record revenue and adjusted EBITDA. Analysts at BTIG raised their price target for the company to $14, citing strong Ex-US Online Casino revenue growth as a key driver of performance. Similarly, Canaccord Genuity increased its price target to $17, highlighting the company’s record quarterly revenue and previously heightened expectations. Benchmark also raised its price target to $14, maintaining a Buy rating, and noted the company’s robust performance across its sportsbook and casino verticals.
Additionally, Canaccord Genuity raised its price target to $15 following the company’s announcement of an improved FY25 outlook and plans to exit the US iGaming market. JMP Securities initiated coverage with a Market Outperform rating and a $15 price target, emphasizing Super Group’s growth potential in the online gambling sector. These developments reflect a broad consensus among analysts on the company’s strong financial performance and growth prospects.
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