Canaccord raised the firm’s price target on Sportradar (SRAD) to $28 from $20 and keeps a Buy rating on the shares. The firm noted the company recently agreed to an extension of its official rights partnership with MLB, representing the final key property in the latest renewal cycle, and the equity component of the deal further aligns the interests of the two parties over the long-term.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SRAD:
- Sportradar Board Changes Ahead of 2025 AGM
- Minnesota sports betting bill doesn’t advance, Covers’ Butler reports
- New Jersey reports $168.7M in total wagers on Super Bowl LIX, up 19%
- Nevada says $151.6M wagered in state’s sports books on Super Bowl
- Sportradar MLB extension removes ‘key headwind,’ says Jefferies