Sportradar Group AG (SRAD) PT Lowered to $25 at Stifel on Lower Multiple, AI Risk

Stifel analyst Jeffery Stantial lowered the price target on Sportradar Group AG (NASDAQ: SRAD) to $25.00 (from $28.00) while maintaining a Buy rating.

The analyst commented, "we see tangible near-term catalysts helping shift the narrative around predictions from cannibalization risk to TAM accretion and multiple unique upside drivers to FY26E guidance/ Consensus (iCasino content ramp; predictions data and/or marketing monetization; IMG synergies) with immaterial sensitivity to U.S. handle deceleration given international mix (75% of FY25 revenue) and majority fixed fee & GGR/NGR based pricing. Meanwhile, shares have rerated from 14x to 9x T6M on FY26E Adj. EBITDA. Hence, we establish SRAD as our top pick heading into earnings. Maintain Buy. Target price moves to $25 on lower multiple (AI risk) implying ~50% upside from current levels"

You May Also Be Interested In

• Qualcomm (QCOM) PT Raised to $195 at BofA Securities
• Incyte (INCY) PT Raised to $105 at Truist Securities
• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings