Wells Fargo has initiated coverage on Sportradar Group AG (SRAD) with an Overweight rating as of November 17, 2025. The current price stands at $22.10.
Sportradar, headquartered in Sankt Gallen, Switzerland, provides sports betting and entertainment products and services. The company is a leading provider of business-to-business (B2B) solutions for the global sports betting industry, employing 4,766 full-time staff. The firm went public on September 14, 2021, and has a market capitalization of $6.9 billion. As of November 18, 2025, its price-to-earnings ratio (P/E) is 62.57, with earnings per share (EPS) reported at $0.30.
Upcoming earnings are scheduled for May 10, 2026, with an estimated EPS of $0.06 and revenue forecasted at $376.0 million, following a previous estimate of $0.10 EPS and $375.3 million revenue for March 15, 2026.
Analyst consensus indicates a Buy rating, with 7 Strong Buy, 15 Buy, and 4 Hold ratings among 26 analysts. The announcement highlights Wells Fargo's initial assessment of Sportradar's investment potential based on its research and analysis of industry dynamics and growth prospects.