Sportradar Group AG (NASDAQ:SRAD) is one of the 11 best 52-week low technology stocks to buy now. On February 9, Sportradar Group AG (NASDAQ:SRAD) announced that it had entered into a multi-year agreement with NBC. The deal involves the provision of data as well as broadcast technology to the broadcasting company for the NBA seasons 2025-26 and 2026-27.
The technology in question is the GameFrame technology, which uses AI and live player-tracking data to display on-screen graphics during live games. As a result, commentators can give real-time insights into things like player positioning or explain certain plays during the game.
This agreement is a multi-year one involving all NBC Sports regional networks throughout the United States. Brian Josephs, VP of the Americas region at Sportradar, had this to say on the occasion:
“This agreement builds upon our long-standing relationship with NBC and reflects how we continue to expand the ways we support their live sports coverage”
The development is likely to draw analyst attention, with many already bullish on the company’s prospects. According to CNN’s analyst ratings compilation, the stock currently has a median upside of 83.63%.
Sportradar Group AG (NASDAQ:SRAD) provides sports technology solutions to media companies, broadcasters, and betting companies, among others. It has agreements with multiple major sporting bodies across the world, including UEFA, NBA, and NHL.
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Disclosure: None. This article is originally published at Insider Monkey.
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