BUZZ-Bell Potter starts coverage on ASX-listed Blackpearl Group with 'buy'; stock rises
Reuters
Dec 09, 2025
BUZZ-Bell Potter starts coverage on ASX-listed Blackpearl Group with 'buy'; stock rises
** ASX shares of New Zealand-based Blackpearl Group BPG.AXBPG.NZ rise 0.6% to A$0.845; marks biggest intraday pct gain since November 27
** Bell Potter starts ASX stock with "buy", PT of A$1.45
** Forecasts data technology co will hit A$50 million ($33.2 million)in Annual Recurring Revenue $(ARR)$ by Q3 FY31
** Sees growth from acquisitions, potential for co's platform to penetrate advertising agency market
** BPG falls 10.6% since Australian market debut on November 25
($1 = A$1.5056)
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))
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