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The Kobeissi Letter
BREAKING: Stocks pare gains as US Treasury Secretary Bessent describes the current trade situation with China as an “embargo.” https://t.co/BrHowYXP4K
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BREAKING: Stocks pare gains as US Treasury Secretary Bessent describes the current trade situation with China as an “embargo.” https://t.co/BrHowYXP4K
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AkhenOsiris
BofA double upgrades SRAD to Buy
Bank of America goes from Underperform to Buy. Price target goes to $28, up from an earlier target of $12. The decision is driven by three key factors.
Firstly, there is growing confidence in Sportradar's revenue potential. The company is expected to display strong financial performance in the coming years. Secondly, the firm acknowledges improved visibility into costs and enhanced margin leverage, which suggests better financial efficiency.
Additionally, the potential benefits from the IMG Arena deal and the incorporation of artificial intelligence are also seen as significant contributors to the company's prospects. Previously, concerns were centered around the impact of sports rights costs on margins and cash flow. However, the expectation now is for Sportradar to experience margin expansion in the foreseeable future due to its consistent revenue growth and disciplined cost management.
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BofA double upgrades SRAD to Buy
Bank of America goes from Underperform to Buy. Price target goes to $28, up from an earlier target of $12. The decision is driven by three key factors.
Firstly, there is growing confidence in Sportradar's revenue potential. The company is expected to display strong financial performance in the coming years. Secondly, the firm acknowledges improved visibility into costs and enhanced margin leverage, which suggests better financial efficiency.
Additionally, the potential benefits from the IMG Arena deal and the incorporation of artificial intelligence are also seen as significant contributors to the company's prospects. Previously, concerns were centered around the impact of sports rights costs on margins and cash flow. However, the expectation now is for Sportradar to experience margin expansion in the foreseeable future due to its consistent revenue growth and disciplined cost management.
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