Sportradar (Nasdaq: SRAD) is going to shock analysts in Q2 off the back of UEFA EURO 2024, ATP and Cricket: $22.91 Price Target!
By Gerry Rodriguez
Sportradar (Nasdaq: SRAD) is set for a strong Q2, fueled by major sporting events like UEFA EURO 2024 and the ATP, with expected revenue surpassing Q1’s €266 million. The company’s innovative products, revenue share model, and key hires in technology are driving growth, leading analysts to project a target stock price of $22.91, well above the current $11.07. Sportradar is poised for long-term success in the expanding sports betting market.
Key Insights
Increased interest and solid margins across EURO 2024 and Indian Premier League key to underestimated profits for SRAD with their revenue share model
Huge volume of ATP matches and new products to power revenues versus 2023
Robust business model to take advantage of tailwinds in Brazil
Two key hires are expected to...