Morgan Stanley analyst Stephen Grambling maintains $Sportradar Group AG (SRAD.US)$ with a hold rating, and adjusts the target price from $12 to $13.
According to TipRanks data, the analyst has a success rate of 58.4% and a total average return of 3.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Sportradar Group AG (SRAD.US)$'s main analysts recently are as follows:
The general performance of brick and mortar establishments in Q3 was characterized as lackluster, while digital platforms demonstrated a vigorous growth. This led to an upward revision of the online sports betting market size forecast, albeit coupled with reduced flow-through projections alongside a Q3 preview for the casino gaming sector.
Following a discussion with the company's management, it appears that Sportradar's capacity to utilize its sports data rights to innovate and create products yielding pricing power has improved. This positions the company well for potential margin expansion. There are several forthcoming events anticipated to positively influence the company's valuation, especially considering the more favorable comparisons expected in Q4.
Note:
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