In a report released yesterday, David Katz from Jefferies reiterated a Buy rating on Sportradar Group AG (SRAD – Research Report), with a price target of $27.00.
David Katz has given his Buy rating due to a combination of factors highlighting Sportradar Group AG’s strong growth prospects and strategic positioning. The company has projected robust revenue, Adjusted EBITDA, and free cash flow growth through 2027, with compound annual growth rates of approximately 15%, 27%, and 33%, respectively. These projections are considered conservative, especially with the potential addition of revenue and EBITDA from the pending IMG Arena acquisition.
Furthermore, Sportradar’s diversified and entrenched business model is a significant advantage, as it leverages its sports data offerings to enhance customer value and retention. The company’s use of AI to automate data collection and improve internal efficiencies also contributes to cost savings and higher productivity, reinforcing its competitive edge. These factors, combined with the company’s solid financial targets and strategic initiatives, underpin Katz’s optimistic outlook and Buy rating for Sportradar’s stock.
In another report released today, JMP Securities also maintained a Buy rating on the stock with a $25.00 price target.
SRAD’s price has also changed dramatically for the past six months – from $12.030 to $21.730, which is a 80.63% increase.