Citi hikes PT for Australia's Superloop on FY25 forecast upgrade

Superloop

30/06/2025 23:17

** Citi upbeat on Superloop's SLC.AX FY25 underlying earnings before taxation, depreciation and amortisation forecast upgrade

** Says company's disciplined approach to cost management has helped in upgrading forecast

** "Continue to think that SLC could be in for a year of progressive guidance upgrades" - Citi

** Maintains "buy" rating and increases PT to A$3.55 apiece

** Seven of eight analysts rate the stock "buy" or higher, one rates "sell" or lower; their median PT is A$2.72, according to data compiled by LSEG

** SLC has gained 37.4% so far this year

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))