BTIG Lifts Super Group (SGHC) PT to $11, Reiterates Buy Rating

Super Group Limited (NYSE:SGHC) is one of the best mid cap growth stocks to invest in now. Earlier on June 11, BTIG analyst Clark Lampen increased the price target for Super Group to $11 from $9, while reiterating a Buy rating on the shares. This adjustment reflects BTIG’s updated financial model, which incorporates Super Group’s recent change in presentation currency and a more favorable outlook for its Sportsbook operations in FY2025 and FY2026.

In Q1 2025, Super Group’s total revenue reached an all-time high of $517 million, which marked a 25% increase year-over-year. Revenue excluding the US market was $502 million, which was up 24% year-over-year. The company’s unique monthly active customers averaged 5.4 million for the quarter, which was a 14% increase from 4.7 million in Q1 2024.

Specifically, sports betting grew 7% while casino operations saw a 23% increase. Geographically, Africa’s revenue grew by 54% due to strong performance in South Africa, Ghana, Malawi, and the successful launch in Botswana. European revenue increased by 53%, with the UK market showing particularly strong growth of 87% due to the performance of Jackpot City and Betway. Canada’s revenue also grew by 13%. However, the APEC region experienced a 13% decline due to currency weakness and the closure of non-performing markets.

Super Group Limited (NYSE:SGHC) operates as an online sports betting and gaming operator.

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Disclosure: None. This article is originally published at Insider Monkey.