Citizens JMP raised the firm’s price target on Sportradar (SRAD) to $25 from $24 and keeps an Outperform rating on the shares. Sportradar’s 2027 financial targets, including at least a 15% revenue compound annual growth rate, 27% EBITDA CAGR, and EUR 275M of free cash flow, should be viewed as achievable given its exposure to a robust value chain and long-term agreements, the analyst tells investors in a research note. The firm sees Sportradar as an attractive derivative play for online sports betting and iGaming.
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