Sportradar price target lowered to $37 from $40 at Roth Capital

Roth Capital lowered the firm’s price target on Sportradar (SRAD) to $37 from $40 but keeps a Buy rating on the shares. Sportradar reported mostly favorable Q3 results while raising its 2025 guidance due to strength from the core business and the addition of IMG Arena, the analyst tells investors in a research note. The media business is starting to gain meaningful traction and prediction markets can present a future opportunity, the firm added.