Stifel lowered the firm’s price target on Sportradar (SRAD) to $25 from $28 and keeps a Buy rating on the shares. Ahead of Q1 earnings, the firm updated models for pure-play online sports betting and iCasino operators as well as data/tech providers.
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Read More on SRAD:
- Sportradar price target raised to $25 from $24 at Morgan Stanley
- Appeals court rules NJ can’t stop Kalshi bets on sports, Reuters says
- Sportradar: Capitalizing on Emerging Prediction Markets and Strategic Growth Drivers to Unlock Upside
- Nevada reports February statewide gaming win up 1.5% to $1.24B
- Sportradar expands multi-year agreement with Hard Rock Bet
