Benchmark Co. analyst Mike Hickey maintained a Buy rating on Sportradar Group AG (SRAD – Research Report) today and set a price target of $30.00.
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Mike Hickey has given his Buy rating due to a combination of factors that highlight Sportradar Group AG’s strong financial performance and growth potential. The company exceeded Q1 2025 revenue and adjusted EBITDA estimates, showcasing its ability to outperform market expectations. Additionally, Sportradar’s recent secondary offering and share repurchase plan indicate a strategic approach to capital management, enhancing shareholder value without diluting equity.
Furthermore, Sportradar is poised for long-term growth, driven by its scalable infrastructure and robust product suite that meets global demand. The company’s consistent above-market growth, particularly in international and U.S. revenues, underscores its competitive edge. With a target of 15% compound annual revenue growth through 2027 and strategic initiatives like the pending IMG ARENA acquisition, Sportradar is well-positioned to capitalize on the expanding global gaming ecosystem. These factors, combined with a strong valuation outlook, support Hickey’s Buy rating.
In another report released on April 24, Canaccord Genuity also maintained a Buy rating on the stock with a $32.00 price target.