Sportradar price target raised to $13 from $10 at Jefferies

Jefferies raised the firm’s price target on Sportradar to $13 from $10 and keeps a Hold rating on the shares after the company’s quarterly results “slightly beat” the Street’s view and management provided “solid” revenue and EBITDA guidance for 2024. The quarter demonstrates the company’s “execution potential,” but meeting/beating expectations “should be pivotal going forward for the shares as uncertainties could solidify,” the analyst tells investors.