Sportradar price target lowered to $26 from $31 at Citizens

Citizens analyst Jordan Bender lowered the firm’s price target on Sportradar (SRAD) to $26 from $31 and keeps an Outperform rating on the shares. Sportradar Group reported EUR 347M in revenue and EUR 66M in EBITDA for Q1, missing expectations due to FX headwinds, softer gaming outcomes, and shifting ad budgets, though Betting and Gaming content revenue still grew 20%, the analyst tells investors in a research note. Despite the miss and some signs of slower U.S. wagering growth, the company maintained its 2026 guidance, with improving free cash flow and emerging contributions from prediction markets, PlayRadar expansion, and upcoming catalysts like the World Cup supporting a more constructive medium-term outlook, the firm says.