Morgan Stanley analyst Stephen Grambling raised the firm’s price target on Sportradar (SRAD) to $22 from $21 and keeps an Equal Weight rating on the shares after the company hosted its inaugural investor day this week and provided long-term guidance for both revenue and EBITDA. Management outlined a three-year model above the firm’s forecasts and consensus and showcased product features leveraging AI, social betting and immersive micro-markets, the analyst tells investors in a recap of the event.
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