tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Sportradar weakness after earnings would be buying opportunity, says Jefferies

Jefferies says “solid” Q2 results and slightly improved FY25 guidance “were not strong enough” to push Sportradar (SRAD) shares higher given that the stock was up 70.5% year-to-date at the highs. However, the firm would view any weakness as a buying opportunity and sees an additional roughly $2 per share from the IMG Arena deal, which it argues is not yet reflected in guidance. The firm has a Buy rating and $32 price target on Sportradar shares.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1