0435 GMT - Catapult Group International's bulls at Jefferies see its full-year results as evidence that the sports-technology provider is on track with its strategy. The investment bank's analysts point to an 87% rise in free cash-flow as the highlight of Catapult's result, and like the margin strength that kept management Ebitda in-line with forecasts. They point out that the Australia-listed company has yet to pull the lever on pricing, which they tell clients in a note that it provides strong upside risk to annualized contract value forecasts over the medium and long term. Jefferies raises its target price by 22% to A$5.60 and keeps a buy rating on the stock. Shares are up 7.4% at A$5.25. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 22, 2025 00:35 ET (04:35 GMT)
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