Sportradar Group AG (NASDAQ:SRAD) is one of the Top 10 Software and Technology Stocks to Buy Now. Jefferies analyst David Katz upped the target price on the company’s stock to $32 from $27, while maintaining a “Buy” rating. The firm trimmed estimates for Sportradar Group AG (NASDAQ:SRAD), but has raised its multiple given that it sees the company’s strong growth profile. The firm also gave credit for the value of the IMG ARENA deal. Overall, the firm reiterated a bullish view on the online gaming sector.

A customer data analyst working at a computer, surrounded by monitors displaying live sports data.

IMG ARENA’s portfolio is expected to enhance Sportradar Group AG (NASDAQ:SRAD)’s content and product offering and further strengthen the position as a leading content provider in the most bet-upon global sports, such as tennis, soccer, and basketball. Notably, the addition of these betting rights to its content portfolio increases Sportradar Group AG (NASDAQ:SRAD)’s depth and breadth in critical global sports, expanding the content distribution and fueling product development.

Thanks to the highly scalable technology platform and extensive client network, Sportradar Group AG (NASDAQ:SRAD) is expected to seamlessly integrate and monetize the rights, fueling incremental value. The acquisition is expected to further accelerate Sportradar Group AG (NASDAQ:SRAD)’s strong revenue, adjusted EBITDA, and cash flow growth.

Sportradar Group AG (NASDAQ:SRAD) offers sports data services for the sports betting and media industries. It provides betting technology and solutions, such as betting and gaming content, real-time sports data points, among other offerings.

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.

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