Sportradar price target raised to $11 from $10 at Jefferies

Jefferies analyst David Katz raised the firm’s price target on Sportradar to $11 from $10 but keeps a Hold rating on the shares. The analyst cites the company’s better than expected Q4 results, along with strong revenue and EBITDA guidance for 2023 that "should be taken positively". The firm adds however that while the continued development in AI technology and new contracts with FanDuel and ATP have positioned Sportradar solidly near-term, the stock’s long-term valuation is "less clear".