Guggenheim sees Sportradar in ‘unique position,’ starts with a Buy

As previously reported, Guggenheim initiated coverage of Sportradar (SRAD) with a Buy rating and $27 price target Sportradar has built “a unique position at the intersection of sports, media, and gaming,” which are three industries with strong secular tailwinds, the analyst tells investors. The company’s differentiated, scaled global sports technology platform provides business-to-business services to over 400 leagues/federations, 800 betting operators, and 900 media and tech companies, notes the analyst, who also highlight’s the company’s a “robust financial profile” and multiple potential growth catalysts.