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Sportradar price target raised to $30, added to ‘EDM Top Ideas’ at Benchmark

Benchmark raised the firm’s price target on Sportradar (SRAD) to $30 from $26 and keeps a Buy rating on the shares, which are also being added to the firm’s “EDM Top Ideas” list. The firm believes Sportradar is entering “a phase of accelerating value creation,” driven by a durable revenue model, scalable infrastructure, and global demand for its “impressive product suite,” the analyst tells investors.

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