JPMorgan Downgrades Sportradar Group AG (SRAD) to Neutral, 'More Compelling NT Upside Elsewhere'

JPMorgan analyst Samuel Nielsen downgraded Sportradar Group AG (NASDAQ: SRAD) from Overweight to Neutral with a price target of $16.00 (from $26.00).

The analyst comments "We are downgrading SRAD to Neutral (from OW) as we see more compelling near-term upside elsewhere in our Gaming coverage (see our MGM UG to OW here). While SRAD has de-rated to just ~6x FY27E EV/EBITDA (vs 11x at YE25) and is likely reflecting a near worst-case scenario re: its unregulated exposure, we do not see a clear path to its valuation improving near-term. SRAD management has seemingly given investors everything they could have asked for (increased disclosure, teasing Prediction Market deal progress, accelerated share repo, CEO/ insider buying, cost reductions), and for sentiment/valuation to improve from here, we think execution and investor patience will be required."

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 $12.99 yesterday.

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