2024-02-06 22:06:02 ET
Summary
- Sportradar is a global leader in sports data and intelligence, with partnerships with major leagues and a strong presence in over 115 countries.
- Shares have traded lower since its IPO in 2021 but remain undervalued at the current price of $10, in my opinion.
- The increasing adoption of SRAD's Alpha Odds product and the legalization of sports betting in more US states may present strong catalysts.
Sportradar ( SRAD ) is a global leader in sports data and intelligence, providing a range of solutions to the sports industry, media companies, and sports betting operators. Headquartered in Switzerland, the company operates in over 115 countries with 1,790 customers as of December 2022 and holds partnerships with dozens of leagues, federations, and rights holders, including the NBA, NHL, and MLB....
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Sportradar: Attractive Upside With Steady Fundamentals