Truist analyst Barry Jonas lowered the firm’s price target on Sportradar (SRAD) to $18 from $26 and keeps a Buy rating on the shares. The company posted a Q1 miss on unfavorable FX and sport outcomes, while its 2026 guidance was reiterated, now adding in some prediction contribution, the analyst tells investors in a research note. Truist adds that the management has addressed recent bear thesis reports, which have accused Sportradar of supporting illegal markets.
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Read More on SRAD:
- Sportradar price target lowered to $16 from $23 at Benchmark
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- Sportradar price target lowered to $28 from $34 at Canaccord
- Sportradar price target lowered to $16.50 from $24 at Goldman Sachs
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