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.