0120 GMT - Catapult Sports International's bull at Bell Potter sees the positives outweighing the negatives despite uncertainty over the potential impact of tariffs on the sports-tech provider. Analyst Chris Savage tells clients in a note that he anticipates a strong annual result, with annual contract value rising 19% on-year to US$103 million. He is also positive that Catapult can continue to deliver on cross-selling, especially with new product launches on the way. Savage points out that tariffs will only impact Catapult's hardware business, which is relatively small. Other than the Australian dollar, all currencies in which Catapult does business have held up well against the U.S. dollar, he adds. Bell Potter keeps a buy rating and A$4.00 target price on the stock, which is up 11% at A$3.35. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 09, 2025 21:20 ET (01:20 GMT)
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