In a report released today, Bernie McTernan from Needham reiterated a Buy rating on Sportradar Group AG (SRAD – Research Report), with a price target of $27.00.
Bernie McTernan has given his Buy rating due to a combination of factors that highlight Sportradar Group AG’s strong financial performance and strategic growth opportunities. The company reported fourth-quarter results that surpassed expectations, leading to an upward revision of revenue and adjusted EBITDA estimates for 2025 by 3% and 6%, respectively.
A significant factor influencing the Buy rating is Sportradar’s acquisition of IMG Arena, which is expected to bolster the company’s strategic and financial objectives. This transaction is anticipated to bring additional revenue and adjusted EBITDA, with estimates suggesting an increase of €150 million in revenue and €35 million to €40 million in adjusted EBITDA. The deal is expected to enhance Sportradar’s portfolio in key sports areas such as tennis, soccer, and basketball, further supporting the company’s growth trajectory.
In another report released today, JMP Securities also maintained a Buy rating on the stock with a $24.00 price target.