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Stock impact report

Is Sportradar Group (SRAD) A Picks and Shovel Play For Sports Betting? [Yahoo! Finance]

Sportradar Group AG (SRAD) 
Company Research Source: Yahoo! Finance
price target on Sportradar Group AG (NASDAQ:SRAD) from $35 to $30 while reaffirming a Buy rating on January 23. The revised price target offers a further 64.84% upside from the current levels. The price target adjustment was made as part of the firm's fourth-quarter earnings preview, during which it revised price targets across the broader gaming sector. In a research note to investors, the analyst said gaming stocks are currently weighed down by considerable negativity, suggesting that investors should take a more selective approach within the space. Against this challenging environment, JPMorgan highlighted the digital segment as offering the most attractive investment opportunity. The firm believes this area has the greatest potential to deliver earnings growth. Further supporting the positive analyst outlook, Stifel Nicolaus initiated coverage of Sportradar with a Buy rating and assigned a price target of $28 on January 22. The firm described the stock as a compelling picks-an Show less Read more
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