In a report released today, Chris Savage from Bell Potter maintained a Buy rating on PointsBet Holdings Ltd. (PBTHF – Research Report), with a price target of A$3.00. The company’s shares closed yesterday at $1.02.
According to TipRanks, Savage is an analyst with an average return of -3.1% and a 38.10% success rate. Savage covers the Technology sector, focusing on stocks such as Appen Ltd., Wisetech Global Ltd., and Altium.
PointsBet Holdings Ltd. has an analyst consensus of Hold, with a price target consensus of $1.13.
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The company has a one-year high of $2.88 and a one-year low of $0.72. Currently, PointsBet Holdings Ltd. has an average volume of 10.44K.
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Pointsbet Holdings Ltd is an online bookmaker offering all traditional fixed odds markets including sports, racing and other spread betting where winnings or losses aren’t fixed but depend on how correct bet is. It offers more markets on NBA, AFL, and NRL than any other bookmaker in the world. Its reportable segments consist of: Australian Trading; Technology; and the United States. Majority of the firm’s revenue is derived from Australian trading segment which includes revenue from sports and race betting services provided to Australian customers.
