Sportradar price target lowered to $34 from $36 at Citizens

Citizens lowered the firm’s price target on Sportradar (SRAD) to $34 from $36 and keeps an Outperform rating on the shares. The past two years underscore the sector’s ongoing volatility from regulation, competition, and game outcomes, yet current valuations appear overly punitive, the analyst tells investors in a research note. With average multiples depressed versus historical averages, upside is likely driven by companies meeting or exceeding quarterly estimates as cash flow improves, the firm adds.