Catapult's Cash-Flow Miss Doesn't Worry Bull -- Market Talk
Dow Jones
Mar 30
2321 GMT - Catapult Sports' trading update supports its continued status as Bell Potter's preferred pick of Australia-listed mid-cap tech stocks. Maintaining a buy rating on the stock, analyst Chris Savage tells clients in a note that the athletic-tech provider's free cash-flow miss isn't a concern, and points to underlying growth and annualized contract revenue as key positives. He acknowledges that earnings may have been slightly softer in 2H than in 1H, but is waiting on May's full-year result announcement before drawing conclusions. Bell Potter trims its target price 2.1% to A$4.75. Shares are down 5.9% at A$3.21. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 29, 2026 19:21 ET (23:21 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.