Stifel initiated analyst coverage of Sportradar and Genius Sports, rating Sportradar buy with a $28 price target and Genius Sports hold with a $10 target. Analyst Jeffrey Stantial cited Sportradar’s scale and breadth of coverage in preferring it, while describing both suppliers as exposed to online sports betting growth.
The ratings and price targets provide investors with contrasting views of two sports data suppliers.
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Analysts issued views on Genius Sports, Churchill Downs, Accel Entertainment and Sportradar in notes dated 3, 4 and 9 March. Truist lowered its Genius Sports price target to $13 from $15 while retaining a Buy rating; other notes discussed company performance, potential developments and forecasts.
A B. Riley analyst said Genius Sports could benefit as prediction markets expand, including through data agreements with sportsbook operators entering event contracts. Josh Nichols reiterated a buy rating and a $14 price target; he also cited potential demand linked to sports contracts in California and Texas.
Jefferies analyst David Katz described Sportradar as the most advanced AI adopter in the gaming subgroup. Katz said the company is prototyping a voice- and text-based betting assistant and using AI to automate sports data collection; he also cited potential staffing efficiencies without planned layoffs.
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.
Brazil’s National Secretary for Sports Betting and Economic Development Giovanni Rocco presented the ministry’s work at an STF public hearing on 3 November. He cited training for 482 police officers, integrity measures and the country’s adherence to the Macolin Convention; the source links these initiatives to the regulated betting framework established by Law 14.790/2023.
Brazil's Ministry of Sport presented an account to the Supreme Federal Court (STF) on Tuesday of its work against match-fixing since November 2024. Giovanni Rocco, the ministry's National Secretary for Sports Betting and Economic Development, gave the presentation.