BTIG lowered the firm’s price target on Sportradar (SRAD) to $24 from $32 but keeps a Buy rating on the shares. The company has reported mixed Q4 results with revenue slightly below consensus estimates, due primarily to a EUR 6M FX headwind, the analyst tells investors in a research note. Regarding the Prediction Markets, Sportradar has also noted that they’ve begun to ink agreements with a subset of their league partners – NHL, MLS, UFC amongst others – to sell their data to customers, the firm adds.
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