Sportradar initiated with a Buy at Roth Capital

Roth Capital analyst Eric Handler initiated coverage of Sportradar (SRAD) with a Buy rating and $40 price target The firm likes the company’s “leading position in the fast-growing” sports data and technology services sector. Sportradar should post annual revenue growth of 15% over the next four years given positive industry dynamics, a duopoly market structure, and high entry barriers, the analyst tells investors in a research note.