Sportradar Group AG (NASDAQ: SRAD) is a top software and technology stock to buy. Jefferies analyst raised the target price to $32, maintaining a “Buy” rating. The firm sees strong growth potential and values the IMG ARENA deal. Bullish on online gaming sector.

IMG ARENA’s portfolio boosts Sportradar Group AG (NASDAQ: SRAD) as a leading content provider in popular sports like tennis, soccer, and basketball. The addition of betting rights expands content distribution and fuels product development, enhancing the company’s position in global sports.

Sportradar Group AG (NASDAQ: SRAD) is set to integrate IMG ARENA’s rights seamlessly, driving revenue and growth. The acquisition is expected to accelerate the company’s financial performance and strengthen its position in the industry.

Sportradar Group AG (NASDAQ: SRAD) offers sports data services for betting and media industries, including technology solutions, real-time data, and more. It is a key player in providing content and technology for the sports betting sector.

While SRAD shows potential, other AI stocks may offer greater upside. For undervalued AI stock with growth potential, check out the recommended report. Explore more cheap AI stocks and unstoppable growth stocks for investment opportunities.

Disclosure: None. Originally published on Insider Monkey.

Read more at Yahoo Finance: Jefferies Lifts PT on Sportradar Group (SRAD) Stock, Maintains Buy