Sportradar: Powering the Quickly Growing Sports Betting Industry
Sportradar: Powering the Quickly Growing Sports Betting Industry
In the past month, four Wall Street analysts have given Sportradar price targets that imply more than 50% upside over the next year. Down 63% from its initial public offering in 2021, Sportradar (NASDAQ: SRAD) is a shining example of why investors should usually wait to see a few quarters of earnings data from a newly public company before buying.
By providing sports data, content, and technology to betting operators, sports leagues, and media companies, Sportradar plays a mission-critical role in the quickly growing sports betting industry.
This combination of discounted share price and importance to a rapidly growing industry has caught the attention of four Wall Street analysts over the past month. Each has placed a price target of $15 or higher on the stock with the belief that Sportradar currently offers at least 50% upside over the next year.
Sportradar: A Top Growth Stock to Watch
The recent exclusive data partnership with the NBA and strategic acquisitions in sports streaming rights position Sportradar for continued growth in the evolving sports betting landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.