SRAD Price Prediction Next Week
Technical Analysis: SRAD is currently trading at $22.51, showing strong momentum with RSI-14 at 73.02 indicating overbought conditions. The stock is trading above all major moving averages (SMA 5,10,20,60,200,250), suggesting a robust uptrend.
Price Targets for Next Week: Based on Fibonacci levels:
- Resistance 1: $22.67
- Resistance 2: $23.17
- Support 1: $21.03
- Support 2: $20.53
News Impact:
- MLB partnership extension through 2032 removes a key headwind
- Multiple analysts have raised price targets:
- Citi: $25 (from $20)
- Craig-Hallum: $40
- JMP Securities: $22
Prediction for Next Week:
- Base case target: $23.20 (3% upside)
- Bullish factors:
- Strong technical momentum
- Positive analyst sentiment
- Secure position in sports betting value chain
- Risk factors:
- Overbought RSI conditions
- Recent Minnesota sports betting setback
Trading Recommendation: SELL at current levels ($22.51). Despite positive fundamentals, technical indicators suggest overbought conditions. Better entry points likely to emerge near support level of $21.03. Set stop-loss at $23.50 if holding current positions.
SRAD Similar Chart Price Prediction
The price of SRAD is predicted to go up -1.65%, based on the high correlation periods with MMM. The similarity of these two price pattern on the periods is 98.65%.
SRAD
MMM
Down: -1.65%Similarity: 98.65%
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SRAD Analyst's Forecast
Mitch Germain
JMP Securities
Buy
2025-01-06
Price Target
$17 → $19
Upside
+4.91%
JMP Securities raised the firm's price target on Sportradar to $19 from $17 and keeps an Outperform rating on the shares. During the current NFL season, bettors experienced one of the most favorable winning percentages for outright favorites in history, nearly historically bad for sportsbooks, the analyst tells investors in a research note. The company has moved past several operational and strategic initiatives hampering the stock performance,and is in a "solid" position, the firm says.
Jason Bazinet
Citigroup
Strong Buy
2024-11-21
Price Target
$18 → $20
Upside
+14.32%
Connor Lynagh
Morgan Stanley
Hold
2024-10-22
Price Target
$12 → $13
Upside
+3.59%
