10 Best Cheap Stocks That Will Skyrocket

8. Super Group (SGHC) Limited (NYSE:SGHC)

Forward P/E: 12.12

Stock Upside Potential: 78.75%

Number of Hedge Fund Holders: 31

Super Group (SGHC) Limited (NYSE:SGHC) is one of the best cheap stocks that will skyrocket. On January 13, Benchmark reiterated a Buy rating and a $17 price target on Super Group (SGHC) Limited (NYSE:SGHC), impressed by multiple upside paths.

According to the research firm, initial 2026 revenue and EBITDA guidance will align with consensus estimates amid normalized sports outcomes and organic growth in existing markets. The research firm also expects the company’s outlook to receive a boost from several drivers, including Africa expansion and Nigeria market recovery.

Conservative player growth assumptions and margin opportunities from the Apricot integration will also bolster the company’s outlook. Benchmark has also echoed that SGHC’s online casino business is expected to drive future performance. The fact that the growth catalysts are unlikely to be incorporated into the initial guidance also underscores why the stock is a buy at current levels.

In December, the company paid a regular cash dividend of $0.40 per share, reflecting robust cash generation driven by efficiency and disciplined execution.

Chief Executive Officer, Neal Menashe, commented: “Our focus on efficiency and disciplined execution continues to translate into robust cash generation. This quarter’s dividend underscores our ability to deliver. We remain committed to a balanced capital allocation framework that supports sustainable growth and consistent capital returns to shareholders.”

Super Group (SGHC) Limited (NYSE:SGHC) is a holding company for leading global online sports betting and gaming businesses, primarily operating through its brands Betway and Spin (multi-brand online casinos such as Jackpot City and Dream Bingo).