BTIG analyst Clark Lampen assigned a Buy rating on Sportradar Group AG yesterday and set a price target of $24.00.
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Clark Lampen has given his Buy rating due to a combination of factors including resilient underlying growth and a compelling valuation setup despite near‑term FX and organic deceleration. He notes that, excluding currency effects, recent results modestly exceeded expectations, with particular strength in Betting Technology where cross‑sell and upsell activity meaningfully accelerated.
At the same time, management reaffirmed robust constant‑currency revenue growth guidance and outlined continued EBITDA margin expansion, supported by cost synergies that should build into the back half of 2026. Lampen also highlights emerging Prediction Markets agreements with major leagues as a meaningful, though still unmodeled, upside lever, which, together with a reasonable EBITDA multiple and healthy net cash position, underpins his $24 price target and Buy recommendation.
In another report released today, Needham also reiterated a Buy rating on the stock with a $27.00 price target.
SRAD’s price has also changed dramatically for the past six months – from $30.520 to $17.670, which is a -42.10% drop .