0022 GMT - Catapult Group International's bulls at UBS see continuing valuation upside if the sports-tech provider can hit their growth forecasts. In a note to clients, UBS analysts point to incremental margins as the most impressive aspect of Catapult's annual result. They point out that incremental management Ebitda margin of 56% was key to the Australia-listed company beating the consensus earnings forecast by 13%. Momentum looks good and they think that Catapult can lift cash earnings to US$39 million by fiscal 2028. UBS lifts its target price 14% to A$5.70 and keeps a buy rating on the stock, which is up 7.6% at A$5.26. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 21, 2025 20:23 ET (00:23 GMT)
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