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.
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