J.P. Morgan analyst Samuel Nielsen has maintained their bullish stance on SRAD stock, giving a Buy rating today.
Samuel Nielsen has given his Buy rating due to a combination of factors including Sportradar Group AG’s strong financial performance and strategic initiatives. The company reported impressive revenue and EBITDA growth for the fourth quarter of 2024 and provided guidance for 2025 that suggests continued expansion. This growth is driven by Sportradar’s effective use of its sports data rights, which has enhanced its product offerings and pricing power, particularly in the live betting sector.
Furthermore, the acquisition of IMG Arena’s sports rights portfolio is expected to boost Sportradar’s revenue, EBITDA, and free cash flow, while broadening its global data rights portfolio. The favorable terms of the deal, which include cash payments from Endeavor Group Holdings, further strengthen the company’s financial outlook. As a result, Nielsen has raised the year-end 2025 price target for Sportradar’s stock to $26, reflecting confidence in its steady revenue growth and potential for margin expansion.
In another report released today, JMP Securities also maintained a Buy rating on the stock with a $24.00 price target.