BUZZ-Bell Potter hikes PT, earnings forecast for Australia's Catapult Group

Reuters09-17

** Analysts at Bell Potter hike their price target for Catapult Group International to A$2.35 from A$1.75, maintain "hold" rating

** Brokerage upgrades its statutory EBITDA forecasts for co by 7% in each of FY25, FY26 and FY27

** Forecasts mid-teens revenue growth in each of the next three years vs low to mid teens previously

** "Catapult could be considered a takeover target due to its strong market position, global presence, subscription model and SaaS platform" - brokerage

** Shares of the sports technology firm gained as much as 1.5% earlier in the session but was last down 1.1% at A$2.355

** Stock up 70.7% YTD, as at 0237 GMT

(Reporting by Echha Jain in Bengaluru)

((Echha.jain@thomsonreuters.com))

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