2222 GMT - Catapult's bulls at Jefferies see three reasons to believe that the sports-tech provider can maintain its recent share-price outperformance. Listed first in an analyst note to the investment bank's clients is operational leverage emerging from continued penetration of wearable devices. With Catapult having integrated its SBG Sports Software acquisition, the analysts also see a tailwind from the cross-sale of products to more existing clients. Finally, they highlight long-term price increases as products become more entrenched in clients' workflows. Jefferies raises its target price on the stock 39% to A$4.60 and maintains a buy rating. Shares are at A$3.58 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 17:23 ET (22:23 GMT)
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