BUZZ-Bell Potter starts coverage on ASX-listed Blackpearl Group with 'buy'; stock rises

Reuters

2025/12/09

** ASX shares of New Zealand-based Blackpearl Group BPG.AX BPG.NZ rise 0.6% to A$0.845; marks biggest intraday pct gain since November 27

** Bell Potter starts ASX stock with "buy", PT of A$1.45

** Forecasts data technology co will hit A$50 million ($33.2 million)in Annual Recurring Revenue $(ARR)$ by Q3 FY31

** Sees growth from acquisitions, potential for co's platform to penetrate advertising agency market

** BPG falls 10.6% since Australian market debut on November 25

($1 = A$1.5056)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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