Catapult Bulls Anticipate More Accretive M&A -- Market Talk
Dow Jones
Jun 06
0538 GMT - Catapult Group's bulls at Jefferies reckon that its latest acquisition will probably be the first in a line of transactions accretive to the sports-tech provider's rule-of-40 performance. They tell clients in a note that Catapult's acquisition of gym-based athlete monitoring company Perch brings clear synergies and should improve its value proposition to new customers switching from other single-product providers. The market is increasingly valuing the abundance of opportunities open to Catapult, they add. Jefferies lifts its target price 27% to A$7.20. Shares are up 0.2% at A$6.17. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
June 06, 2025 01:38 ET (05:38 GMT)
Copyright (c) 2025 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.