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)
Copyright (c) 2025 Dow Jones & Company, Inc.
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.