Super Group: Buy-Rated Multi-Year Earnings Acceleration Driven by African Growth, Margin Expansion, and 2026 Catalysts
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Analyst Mike Hickey from Benchmark Co. maintains a Buy rating on Super Group (SGHC) with a price target of $17.00. He cites strong growth in Africa's online gaming market, margin expansion, and upcoming catalysts in 2026 as key drivers for multi-year earnings acceleration. Hickey highlights the company's modernization efforts, disciplined capital allocation, and successful conversion of sports bettors to casino players. He emphasizes Africa's growth potential and the importance of market recovery in Nigeria, supporting a robust outlook for the company.
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