Analysts have raised their price target for Super Group (SGHC) to $15.62, citing record Q2 results, favorable exit from the U.S. iGaming market, and strong operating momentum driven by in-house technology and market share gains.
Analyst Commentary
- Bullish analysts cite record Q2 results, with broad-based strength in both sports betting and iGaming, supporting upward revisions to revenue and adjusted EBITDA guidance for FY25.
- The exit from the U.S. iGaming market is viewed positively, allowing Super Group to prioritize higher-margin markets with fewer regulatory and competitive pressures.
- Super Group’s in-house technology platforms and strong local expertise contribute to high entry barriers, positioning the company as an attractive vehicle for exposure to global online gambling growth.
- Momentum from strong Q2 results is anticipated to carry over, with potential further upside if Super Group retains increased activity from events like the Club World Cup into domestic league seasons.
- Overall operating momentum, supported by market share gains and strong financial updates, has led to a series of upward price target revisions from multiple bullish analysts.
What's in the News
- Raised full-year 2025 revenue guidance to exceed $2.0 billion, up from prior $1.925 billion.
- Announced intention to exit U.S. iGaming operations, citing regulatory challenges and insufficient return on capital, with expected one-time restructuring cost of $30–$40 million.
- Added to Russell 2000 Growth-Defensive Index and Russell 2000 Defensive Index.
- Deloitte LLP appointed as auditor for the financial year ending 31 December 2025.
Valuation Changes
Summary of Valuation Changes for Super Group (SGHC)
- The Consensus Analyst Price Target has risen slightly from $15.29 to $15.62.
- The Consensus Revenue Growth forecasts for Super Group (SGHC) has significantly fallen from 10.3% per annum to 7.2% per annum.
- The Future P/E for Super Group (SGHC) has fallen slightly from 17.37x to 16.94x.
Disclaimer
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