JMP Securities raised the firm’s price target on Sportradar (SRAD) to $19 from $17 and keeps an Outperform rating on the shares. During the current NFL season, bettors experienced one of the most favorable winning percentages for outright favorites in history, nearly historically bad for sportsbooks, the analyst tells investors in a research note. The company has moved past several operational and strategic initiatives hampering the stock performance,and is in a “solid” position, the firm says.
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Read More on SRAD:
- Sportradar management to meet with Craig Hallum
- Bet On It: South Carolina advances legalized sports betting efforts
- Sportradar price target raised to $19 from $18 at Deutsche Bank
- Nevada reports October statewide gaming win down 2.19% to $1.29B
- Bet On It: Industry experiences highest-grossing Q3 on record
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
