Morgan Stanley raised the firm’s price target on Sportradar (SRAD) to $25 from $24 and keeps an Equal Weight rating on the shares. Q1 demand trends have improved, but data is mixed by sub-segment, the analyst tells investors in a preview for the casino gaming group. The firm expects few misses and for most companies to stay relatively conservative with outlooks, the analyst added.
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Read More on SRAD:
- Appeals court rules NJ can’t stop Kalshi bets on sports, Reuters says
- Sportradar: Capitalizing on Emerging Prediction Markets and Strategic Growth Drivers to Unlock Upside
- Nevada reports February statewide gaming win up 1.5% to $1.24B
- Sportradar expands multi-year agreement with Hard Rock Bet
- Sportradar price target lowered to $24 from $26 at Morgan Stanley
