Bell Potter hikes PT, earnings forecast for Australia's Catapult Group
** Analysts at Bell Potter hike their price target for Catapult Group International CAT.AX 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
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