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Stifel Nicolaus Sticks to Its Buy Rating for Sportradar Group AG (SRAD)

Tipranks - Tipranks - Mon Feb 2, 9:52AM CST

Stifel Nicolaus analyst Jeffrey Stantial reiterated a Buy rating on Sportradar Group AG on January 29 and set a price target of $28.00. The company’s shares closed last Friday at $18.48.

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Stantial covers the Consumer Cyclical sector, focusing on stocks such as Pursuit Attractions and Hospitality, Flutter Entertainment PLC, and PENN Entertainment. According to TipRanks, Stantial has an average return of -3.3% and a 37.18% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sportradar Group AG with a $31.46 average price target, a 70.24% upside from current levels. In a report released on January 30, TipRanks – Google also upgraded the stock to a Buy with a $20.50 price target.

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Based on Sportradar Group AG’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $292.05 million and a net profit of $22.47 million. In comparison, last year the company earned a revenue of $255.17 million and had a net profit of $37.26 million

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