JPMorgan raised the firm’s price target on Sportradar (SRAD) to $30 from $28 and keeps an Overweight rating on the shares. Despite meaningful share price outperformance over the past six months, JPMorgan continues to favor Sportradar for its high visibility into attractive revenue and EBITDA growth tailwind, the analyst tells investors in a research note. The firm says it continues to be encouraged by the company’s ability to leverage its scale and technology competencies to capitalize on global market growth.
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