0014 GMT - Catapult Group International's three consecutive half years of revenue growth and margin expansion further stoke confidence in its bulls at Morgan Stanley. MS analysts tell clients in a note that their positive thesis is underpinned by a large and growing total addressable market for wearables and video sports tech. They think that the market will grow from a current level of between US$2.1 billion and US$3.2 billion, which they see growing at a three-year compound annual growth rate of 5% through 2027. Their base case is for Catapult to grow revenue at a compound annual rate of 16% across the same time, generating increasing operating leverage. MS lifts its target price 35% to A$6.00 and keeps an overweight rating on the stock, which is up 1.3% at A$5.33. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 29, 2025 20:14 ET (00:14 GMT)
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