0342 GMT - The growth strategy outlined at Catapult Group International's investor day impresses its bulls at Canaccord Genuity, who see the sports-tech provider doubling its annualized contract value by 2028. Canaccord's analysts tell clients in a note that Catapult's growth in ACV, which is seen by the company as its key leading indicator of revenue, will generate high incremental margins. They anticipate 2028 Ebitda of US$30 million against a backdrop of continued best-in-class customer retention ratios. Canaccord Genuity raises its target price by 20% to A$4.20 and keeps a buy rating on the stock, which is up 1.3% at A$3.495. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 27, 2025 23:42 ET (03:42 GMT)
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