Citizens JMP Boosts Sportradar Price Target to $30, Maintains Outperform Rating

Citizens JMP raised Sportradar's (SRAD) price target to $30 from $25 and maintained an Outperform rating. Despite challenges facing the online gaming industry, companies in this sector have shown resilience. Wall Street analysts predict an average target price of $29.45 with a high estimate of $35.02 and a low estimate of $19.35. Sportradar reported its highest ever quarterly revenue of EUR311 million, up 17% YoY, and increased adjusted EBITDA by 25% YoY.

Citizens JMP has raised its price target on Sportradar (SRAD) to $30 from $25, maintaining an Outperform rating on the shares. This move comes amidst a challenging environment for the online gaming sector, which has faced a list of negative headlines, including higher taxes, slowing handle growth, a lack of state legalization, and regulatory hurdles. Despite these challenges, online gaming companies have shown resilience, with an average year-to-date performance of 15% [1].

The price target increase reflects positive analyst sentiment. Wall Street analysts predict an average target price of $29.45, with a high estimate of $35.02 and a low estimate of $19.35 [4]. Sportradar's strong performance in Q1 2025, reporting its highest ever quarterly revenue of EUR311 million, up 17% year-over-year (YoY), and an increase in adjusted EBITDA by 25% YoY, has bolstered confidence in the company's growth prospects [4].

Sportradar's pending acquisition of IMG ARENA, expected to close in the fourth quarter of 2025, is also a significant driver of the price target increase. Citi estimates that the acquisition will contribute approximately €130 million in incremental revenue to Sportradar in 2026 [4].

Despite the challenges, Sportradar's competitive position and its role within the sports betting value chain serving global online sports betting operators continue to be key factors supporting its growth [4].

References:
[1] https://www.tipranks.com/news/the-fly/sportradar-price-target-raised-to-30-from-25-at-citizens-jmp-thefly
[4] https://www.investing.com/news/analyst-ratings/sportradar-stock-price-target-raised-to-34-from-27-at-citi-on-img-arena-deal-93CH-4129524