Catapult Bulls Anticipate More Accretive M&A -- Market Talk

Dow Jones
06/06

0538 GMT - Catapult Group's bulls at Jefferies reckon that its latest acquisition will probably be the first in a line of transactions accretive to the sports-tech provider's rule-of-40 performance. They tell clients in a note that Catapult's acquisition of gym-based athlete monitoring company Perch brings clear synergies and should improve its value proposition to new customers switching from other single-product providers. The market is increasingly valuing the abundance of opportunities open to Catapult, they add. Jefferies lifts its target price 27% to A$7.20. Shares are up 0.2% at A$6.17. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

June 06, 2025 01:38 ET (05:38 GMT)

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