sydneypointsbet holdings ltd shares rose by as much as 10 after goldman sachs reiterated its buy rating on the stock and confidence in the gaming companys medium and longterm prospects the beatendown stock was the bestperforming asx 200 component in early trade after goldman sachs said pointsbets path to breakeven and profitability remained unchanged despite the investment bank revising down its earnings forecasts on us expansion costs it said there are signs across the industry that intense promotional activity eased across the december quarter and that a 32 cut in the stocks target price to a674 largely reflected compressed peer multiples the stock was last up 92 at a402 having earlier traded at a405 prior to the open it had lost about 80 of its value since february 2021 the broader spasx 200 was up 09