Sportradar Group AG (NASDAQ:SRAD) is one of the 12 tech stocks with the biggest upside potential. Samuel Nielsen of JPMorgan lowered the firm’s price target on Sportradar Group AG (NASDAQ:SRAD) from $35 to $30 while reaffirming a Buy rating on January 23. The revised price target offers a further 64.84% upside from the current levels. The price target adjustment was made as part of the firm’s fourth-quarter earnings preview, during which it revised price targets across the broader gaming sector.
In a research note to investors, the analyst said gaming stocks are currently weighed down by considerable negativity, suggesting that investors should take a more selective approach within the space. Against this challenging environment, JPMorgan highlighted the digital segment as offering the most attractive investment opportunity. The firm believes this area has the greatest potential to deliver earnings growth.
Further supporting the positive analyst outlook, Stifel Nicolaus initiated coverage of Sportradar with a Buy rating and assigned a price target of $28 on January 22. The firm described the stock as a compelling picks-and-shovels beneficiary of online sports betting growth, citing its recurring, predictable revenue base, low hold and tax risk, near-zero churn, and a wide moat supported by its scale and broad product portfolio.
Sportradar Group AG (NASDAQ:SRAD) operates as a provider of sports data services for the sports betting and media industries across the United States, Switzerland, Africa, the Middle East, North America, Latin America, the Asia Pacific, the Caribbean, and Europe. The company was founded in 2001 and is based in Sankt Gallen, Switzerland.
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: Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy and 30 Most Fantastic Stocks Every Investor Should Pay Attention To.
Disclosure: None. This article is originally published at Insider Monkey.
-1024x683.jpg "Trump, Congress, and the FISA Fiasco")
-1024x683.jpg "Strait Outta Hormuz: Getting the Iran Oil Story Straight")
