Citi analyst Jason Bazinet lowered the firm’s price target on Sportradar to $15 from $18 and keeps a Buy rating on the shares post the Q3 report. The company lowered its revenue guidance for the full year, while raising the low end of its adjusted EBITDA outlook, the analyst tells investors in a research note. The firm cites a lower revenue multiple, to reflect higher sports rights costs, for the target drop.
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