- SPG.JO +1.48% SGHC +1.09%
Super Group (SGHC) Limited (NYSE:SGHC) is one of the stocks Jim Cramer answered questions about. A caller sought Cramer’s thoughts on the stock during the lightning round, and here’s what he had to say in response:
“Well, Super Group Eric Grubman is money. He’s been a friend of mine for I don’t know how many years, and he came on the show… when they launched that company. And… guess what, you got more than double. It’s fantastic. I like it still.”
Stock market data. Photo by Alesia Kozik on Pexels
Super Group (SGHC) Limited (NYSE:SGHC) runs global online sports betting and gaming services through its Betway sportsbook and casino platform, along with its Spin multi-brand online casino business. The company reported its earnings on November 3, posting a profit of $95.8 million and generating revenue of $556.9 million, up 38% year-over-year and outperforming estimates by $46.51 million.
Super Group (SGHC) Limited (NYSE:SGHC) raised its full-year revenue guidance to $2.17 billion – $2.27 billion from the previous $2.125 billion – $2.20 billion. The company now expects adjusted EBITDA between $555 million – $565 million, up from the previous guidance of $550 million to $560 million.
While we acknowledge the potential of SGHC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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