Sportradar price target lowered to $18 from $25 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Sportradar to $18 from $25 and keeps a Buy rating on the shares. While disappointing results relative to management’s guidance and Street expectations have been a frustrating trend, fundamentals continue to be positive, and operational actions are being implemented to accelerate margin expansion, the firm says.