Canaccord analyst Jason Tilchen lowered the firm’s price target on Sportradar (SRAD) to $28 from $34 and keeps a Buy rating on the shares. The firm said Sportradar reported mixed Q1 results. Revenue and adj. EBITDA were both below consensus, with FX headwinds negatively impacting reported revenue growth by roughly 5pp during the quarter. The company reiterated its FY26 guidance despite the softer-than- anticipated Q1 performance.
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