Jefferies Lowers PT on Sportradar (SRAD), Keeps a Buy

​Sportradar Group AG (NASDAQ:SRAD) is one of the Best Mid Cap Tech Stocks to Buy According to Analysts. On November 9, David Katz from Jefferies reiterated a Buy rating on the stock while lowering the price target from $32 to $30. Earlier on November 6, Barry Jonas from Truist Financial also reiterated a Buy rating on Sportradar Group AG (NASDAQ:SRAD) with a price target of $32.

​On November 5, the company released its fiscal Q3 2025 results. The revenue of €292 million (approximately $338.7 million) missed estimates by $5.49 million and the EPS of $0.08 also fell short of the expectation by $0.02. Management noted the revenue grew by 14% year-over-year, driven by an 11% growth in Betting Technology & Solutions, and 31% growth in Sports Content, Technology & Services.

​However, the results were partially offset by the impact of foreign currency movements, which resulted in the quarterly profit decreasing by €15 million year-over-year, due to €22 million lower foreign currency gain.

​Jonas from Truist noted the results to be mostly favourable, driven by the company’s strength from the core business and the recent acquisition of IMG Arena. He also highlighted ​that the company’s Marketing & Media Services segment has started to gain traction, growing 33% year-over-year during the quarter.

Management also anticipates the segment to continue benefiting, driven by the recent addition of IMG Arena, which aligns with its core business.

​Sportradar Group AG (NASDAQ:SRAD) is a global sports technology company providing data and software solutions to sports federations, media, and sports betting operators.

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