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Needham Thinks Sportradar Group AG’s Stock is Going to Recover

In a report released today, Bernie McTernan from Needham maintained a Buy rating on Sportradar Group AG (SRADResearch Report), with a price target of $22.00. The company’s shares closed last Thursday at $13.32, close to its 52-week low of $13.26.

According to TipRanks.com, McTernan has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -9.1% and a 35.4% success rate. McTernan covers the Technology sector, focusing on stocks such as Genius Sports Limited, Zillow Group Class C, and Fiverr International.

Sportradar Group AG has an analyst consensus of Strong Buy, with a price target consensus of $25.20.

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The company has a one-year high of $28.22 and a one-year low of $13.26. Currently, Sportradar Group AG has an average volume of 425.5K.

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Sportradar Group AG is a technology platform enabling next-generation engagement in sports, and a provider of B2B solutions to the global sports betting industry. It generates revenue through two primary sources: subscription-based revenue and revenue sharing.

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