Citi places Sportradar on ‘positive catalyst watch’ into investor day

Citi placed Sportradar (SRAD) on a “90-day positive catalyst watch” into the company’s April 1 investor day. As Sportradar is a relatively new public company, the investor day will give the Street the opportunity to learn more about its business model, potential new offerings, and the potential for the business to grow faster than underlying gaming revenue, the analyst tells investors in a research note. Citi expects the company o lay out long-term financial targets and potentially discuss potential capital returns. It has a Buy rating on the shares with a $25 price target