** UBS increases price target on wearable device maker Catapult Group CAT.AX to A$7 from A$5.70, retains "buy" rating

** Brokerage remains upbeat on company's opportunity for penetrating into the wearable products market and its acquisition of U.S. sports tech firm Perch last month

** Estimates FY26 annual contract value growth of 19% to $121 million; with $2.5 million contribution from Perch

** Sees company generating $41 million of cash EBITDA by FY28

** Average rating on stock is "buy"; median PT is A$6.2 - data compiled by LSEG

** CAT shares up 56.9% YTD, as of last close

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))