BTIG raised the firm’s price target on Sportradar (SRAD) to $32 from $28 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results in Digital Gaming. The firm is adjusting its model to reflect healthier May/June performance and the beneficial impact of U.S. Gross Gaming Revenue – GGR – upside to each operator’s revenue base, the analyst tells investors in a research note.
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Read More on SRAD:
- Sportradar Group AG: Balanced Risk and Reward with Limited Upside Potential Justifies Hold Rating
- Sportradar initiated with a Neutral at Goldman Sachs
- Sportradar price target raised to $34 from $33 at Truist
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- Sportradar price target raised to $35 from $27 at Guggenheim