SGHC Stock Forecast & Price Target

Super Group (SGHC) Ltd has positively increased its 2025 revenue guidance by 16%, driven by a 36% improvement in overall handle and a 21% year-over-year growth in unique monthly customers. The company's long-duration customer base, which accounts for 40% of total revenue, provides strong visibility into future earnings, particularly as it plans to expand into new markets such as Alberta, Spain, and Germany. Additionally, factors such as population growth in Africa, rising internet penetration, and improving regulatory environments are expected to further enhance SGHC's long-term market position and revenue generation.

Super Group (SGHC) faces a negative outlook primarily due to lower year-over-year incremental revenue combined with substantial payment processing fees in the African markets, where customer behavior involves frequent cash transactions. Increased competition in the online sports betting and iGaming sectors poses risks to market share and could lead to elevated customer acquisition and retention costs. Furthermore, the company's guidance for 2028 is projected to fall 2% to 3% below existing estimates, indicating potential challenges in achieving growth targets.