Sportradar price target raised to $36 from $30 at Citizens JMP

Citizens JMP raised the firm’s price target on Sportradar (SRAD) to $36 from $30 and keeps an Outperform rating on the shares. Internal technology platforms are continuously improving, and despite the noise during the prior two NFL seasons, companies are in a position for “higher highs,” a positive backdrop for football season, the analyst tells investors in a research note. Meanwhile, improved offerings, like player props, additional markets, and operational improvements, are protecting gaming margins to the downside more than ever, the firm adds.