Jim Cramer on Super Group: “It’s Fantastic, I Like It Still”

Super Group (SGHC) Limited (NYSE:SGHC) is one of the stocks Jim Cramer answered questions about. A caller sought Cramer’s thoughts on the stock during the lightning round, and here’s what he had to say in response:

“Well, Super Group Eric Grubman is money. He’s been a friend of mine for I don’t know how many years, and he came on the show… when they launched that company. And… guess what, you got more than double. It’s fantastic. I like it still.”

Stock market data. Photo by Alesia Kozik on Pexels

Super Group (SGHC) Limited (NYSE:SGHC) runs global online sports betting and gaming services through its Betway sportsbook and casino platform, along with its Spin multi-brand online casino business. The company reported its earnings on November 3, posting a profit of $95.8 million and generating revenue of $556.9 million, up 38% year-over-year and outperforming estimates by $46.51 million.

Super Group (SGHC) Limited (NYSE:SGHC) raised its full-year revenue guidance to $2.17 billion – $2.27 billion from the previous $2.125 billion – $2.20 billion. The company now expects adjusted EBITDA between $555 million – $565 million, up from the previous guidance of $550 million to $560 million.

While we acknowledge the risk and potential of SGHC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SGHC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.