Sportradar Group AG

SRAD · NASDAQ

$11.95−$0.04 (−0.33%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $11.99

SRAD analyst rating

BuyConsensus of 19 analysts over the last 12 months. 63% rate it a buy.

Strong buy0
Buy12
Hold7
Underperform0
Sell0

12-month price target · 25 analysts

Average $18.81 (+57.4% upside)

Low: $13.13
Now: $11.95
High: $38.85

Upgrades and downgrades

The latest rating actions, newest first

SRAD analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Canaccord Genuity	Oct 23, 2026	Maintains	Buy	$24.00 → $22.00	36%
JP Morgan	Oct 20, 2026	Maintains	Neutral	$15.00 → $13.00	40%
Morgan Stanley	Oct 19, 2026	Maintains	Equal-Weight	$15.00 → $13.50	54%
Macquarie	Oct 7, 2026	Maintains	Outperform	$20.00 → $19.00	42%
Wolfe Research	Sep 2, 2026	Initiates	Outperform	$22.00	55%
UBS	Aug 5, 2026	Downgrade	Buy → Neutral	$30.00 → $16.00	59%
Macquarie	Aug 4, 2026	Maintains	Outperform	$24.00 → $20.00	42%
Truist Securities	Aug 4, 2026	Maintains	Buy	$18.00 → $16.00	43%
JP Morgan	Aug 4, 2026	Maintains	Neutral	$17.00 → $15.00	40%
Citigroup	Aug 4, 2026	Maintains	Buy	$23.00 → $20.00	60%

The case for and against

Updated Oct 21, 2026

Bull case

Sportradar Gr is well positioned to benefit from global sports betting growth and the rising importance of in-game betting, with management guiding for €1,557mm-€1,582mm of revenue in 2026, at least 21% constant-currency growth, and adjusted EBITDA of €390mm-€400mm, up at least 32%. Its outlook is strengthened by superior scale and profitability, 200-225bps of margin expansion, and free cash flow conversion above 56%, while the Kalshi multi-product deal adds incremental revenue from data, odds, integrity, and engagement services. The company also appears able to monetize prediction markets at attractive economics versus OSB, broaden revenue through streaming rights and programmatic advertising, and support a premium valuation through durable high-quality data demand.

Bear case

Sportradar Gr is facing a deteriorating fundamental backdrop because soft GGR trends and negative sporting outcomes in 2Q forced a cut to 2Q and full-year forecasts, with revenue and Adjusted EBITDA now seen at €378mm and €77mm, respectively. The bearish case centers on limited margin expansion as sports rights fees escalate faster than the company can pass costs through to sportsbooks, while advertising and other incremental revenues may fail to materialize, constraining EBITDA and free cash flow growth. Beyond near-term volatility, the business remains exposed to regulatory changes, tax increases, league data rights renewals, FX, and customer retention risks that could pressure the model further.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.