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.
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Read More on SRAD:
- Sportradar Reports Strong Q3 Results and Raises 2025 Outlook
- Strategic Acquisition and Market Opportunities Propel Sportradar Group AG’s Growth Potential
- Sportradar Reports Q3 2025 Results and Expands Share Repurchase Program
- Sportradar reports Q3 EPS EUR 0.07 vs. EUR 0.11 last year
- Sportradar raises FY25 revenue view to at least EUR 1.29B