JPMorgan raised the firm’s price target on Sportradar (SRAD) to $26 from $20 and keeps an Overweight rating on the shares. The company reported a strong Q4 with “achievable” 2025 guidance, the analyst tells investors in a research note. The firm is “encouraged with management’s execution on leveraging the company’s sports data rights to innovate on product and generate pricing power. It sees margin expansion going forward and continued sales momentum with lower operating expense growth.
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