Macquarie rates Sportradar Outperform with $32 target price
Macquarie Equity Research initiated coverage of Sportradar with an Outperform rating and a 12-month target price of $32, according to the report. It said the company could benefit from growth in US sports betting and in-play wagering, and cited management’s estimate that each percentage-point rise in in-play share would add €6m in revenue.
Macquarie’s rating and target price give investors an analyst view of Sportradar’s potential exposure to betting and in-play growth.