Sportradar price target raised to $14 from $12 at Benchmark

Benchmark raised the firm’s price target on Sportradar to $14 from $12 and keeps a Buy rating on the shares. After having met with the Sportradar executive team at the G2E conference, the firm is “incrementally more positive” on their near-term growth opportunity in 2025, which is expected to include a meaningful operating leverage opportunity, the analyst tells investors.