Guggenheim on Sportradar Group AG (SRAD): 'continue to see a compelling multi-year growth outlook for the business'

Guggenheim analyst Curry Baker reiterated a Buy rating and $35.00 price target on Sportradar Group AG (NASDAQ: SRAD).

The analyst comments "We made SRAD our Best Idea in January (link) and continue to see a compelling multi-year growth outlook for the business (high visibility, limited downside) - reiterating our BUY rating and $35 price target. Sportradar reported strong 4Q results (largely in-line with our forecast: revenue €369mm vs. our €370mm, EBITDA €89mm vs. our €85mm), and issued robust 2026 guidance despite ongoing FX headwinds (likely conservative), details below. The company also announced a significant expansion of its share repurchase program to $1bn (up from $300mm, repurchased $25mm in 4Q25 and $60mm to date in 1Q26) given the strong liquidity position of the balance sheet, accelerating financial strength, and the attractive levels at which shares currently trade. The IMG ARENA acquisition is tracking slightly ahead of expectations (details below). We continue to believe SRAD has built a differentiated, scaled global sport technology platform well positioned to take advantage of secular growth tailwinds across live sports, online sports betting/gaming, and media/technology."

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 $19.58 yesterday.

You May Also Be Interested In

• Bullish (BLSH) PT Lowered to $30 at Rosenblatt
• StubHub Holdings (STUB) PT Lowered to $11 at Mizuho
• BitGo Holdings (BTGO) PT Lowered to $11 at Mizuho