Jim Cramer Says Sportradar "Is Like an Arms Dealer to the Sports Book Operators"

Sportradar Group AG (NASDAQ:SRAD) is one of the stocks on Jim Cramer’s radar. During the episode, Cramer mentioned the stock and said that he has “been a big fan” of online sports betting platforms. He remarked:

“I’ve been a big fan of the online sports betting platforms like DraftKings, Flutter, but lately the biggest winner in the space has been Sportradar, which is like an arms dealer to the sports book operators. Sportradar provides them with the data they need to make the odds. I recommended this one, you know, back in October, I said buy it at 12, and now it’s at 29. But when Sportradar reported last week, even though the quarter looked good, the stock shed 5.7% Since then, it’s recovered from its lows. So maybe the stock was simply due for a pullback after some huge gains.”

Sportradar Group AG (NASDAQ:SRAD) provides sports data, technology, and content solutions for the betting and media industries. The company offers betting platforms, streaming services, integrity services, and performance analytics.

While we acknowledge the potential of SRAD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.