Bell Potter starts coverage on ASX-listed Blackpearl Group with 'buy'; stock rises

Black Pearl

09/12/2025 04:50

** ASX shares of New Zealand-based Blackpearl Group BPG.AX BPG.NZ rise 0.6% to A$0.845; marks biggest intraday pct gain since November 27

** Bell Potter starts ASX stock with "buy", PT of A$1.45

** Forecasts data technology co will hit A$50 million ($33.2 million)in Annual Recurring Revenue (ARR) by Q3 FY31

** Sees growth from acquisitions, potential for co's platform to penetrate advertising agency market

** BPG falls 10.6% since Australian market debut on November 25

($1 = A$1.5056)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))