https://www.capitalbrief.com/briefing/catapult-stocks-soar-after-morgan-stanley-upgrade-92cdfb90-e019-42a3-9813-054ccdc06b65/

Catapult stocks soar after Morgan Stanley upgrade

8:46am today

The news: Shares in Catapult have hit an all-time high after Morgan Stanley raised its price target by 35% a week after the sports technology company posted a big increase in full-year revenue.

The numbers: Catapult shares hit an all-time high price of $5.88 at 3:20pm before easing to $5.85 at 3:59pm, 11.12% higher than last close.

The context: On 21 May, Catapult reported that its revenue for the full year to March 2025 rose 19% to US$116 million ($180 million) and its net loss after tax narrowed 55% from US$19.1 million to US$8.56 million.

Catapult has now posted three consecutive halves of revenue growth. Morgan Stanley analysts on Friday morning said it forecasts revenue to grow at a three year compound annual growth rate of 16% and EBITDA at 40%.

The analysts said that “CAT presents as an attractive structural growth story, servicing a large and growing global [total addressable market], and is on track to become meaningfully profitable”.