Stock Track | Catapult Group International Soars 5.16% Intraday on Strong Business Performance and Analyst Optimism

Stock Track
May 21

Catapult Group International's stock soared 5.16% during intraday trading on Thursday, driven by positive analyst commentary highlighting the company's robust business fundamentals.

The surge follows reports that Catapult's increased sales of higher-margin products and a 40% year-on-year growth in annualized contract revenue from its tactics and coaching software are supporting continued margin expansion. Analysts remain bullish, with Ord Minnett maintaining a buy rating and expecting a maiden annual net profit in FY 2029.

Further supporting the positive sentiment, Morningstar noted the company's annual results were bolstered by 'outstanding' team growth and strong cross-selling momentum, with underlying earnings outperforming estimates. The investment firm highlighted the cross-selling business and cost-saving measures as key positives, adding that all 10 analysts covering the stock rate it a "buy" or higher.

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