Sportradar Group AG (SRAD) PT Lowered to $23 at Jefferies

Jefferies analyst David Katz lowered the price target on Sportradar Group AG (NASDAQ: SRAD) to $23.00 (from $28.00) while maintaining a Buy rating following Q4 results.

The analyst commented, "The quarter is evidence of the global breadth and overall capabilities of SRAD, which should position the company as a meaningful player in the US ecosystem over time. The better-than expected-results and positive guide suggest that the stated 2025 timing of profitability could prove conservative. Patient investors in SRAD should be rewarded with more quarterly upside in our view. Reiterate Buy."

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