Stifel on Sportradar Group AG (SRAD): 'we (and we believe buyside) were positioned for potential upside'

Stifel analyst Jeffery Stantial reiterated a Buy rating and $25.00 price target on Sportradar Group AG (NASDAQ: SRAD).

The analyst comments "Following last week's short report sell-off, SRAD reported a disappointing quarter missing Q1 revenue/Adj. EBITDA by -4%/-7% primarily reflecting lower customer media ad spend & adverse hold in MTS. FY26 guidance was maintained with sequential revenue growth acceleration explained by sports rights cadence, synergy ramp, and FX comps. SRAD did not comment on short report allegations in release/presentation (we expect management to address on the call) though announced a $250M enhanced open market program in response to selling pressure. Net-net, while the Q1 miss is partially explained by one-time sport outcomes and FY26 guidance remains intact, we (and we believe buyside) were positioned for potential upside given IMG synergy execution and potential uplift to marketing revenues from ramping predictions UA spend. Hence, we expect shares to come under pressure today though potentially mitigated by framing of short report allegations. Our model and $25 TP are under review."

For an analyst ratings summary and ratings history on Sportradar Group AG click here. For more ratings news on Sportradar Group AG click here.

Shares of Sportradar Group AG closed at $13.93 yesterday.

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