On Nov 14, major Wall Street analysts update their ratings for $Genius Sports (GENI.US)$, with price targets ranging from $11 to $12.
Goldman Sachs analyst Benjamin Miller CFA maintains with a buy rating, and adjusts the target price from $7.5 to $11.5.
Oppenheimer analyst Jed Kelly maintains with a buy rating, and adjusts the target price from $10 to $12.
Benchmark Co. analyst Mike Hickey maintains with a buy rating, and adjusts the target price from $10 to $11.
B.Riley Financial analyst David Bain maintains with a buy rating, and adjusts the target price from $10 to $12.
Furthermore, according to the comprehensive report, the opinions of $Genius Sports (GENI.US)$'s main analysts recently are as follows:
Genius Sports' recent performance, highlighted by a Q3 earnings surpassing expectations and encouraging Q4 forecasts, suggests the company is well-positioned during a time of considerable market expansion. With successful renewals of contracts in the U.S. and Europe, the company is experiencing an acceleration in revenue, indicating robust growth within its total addressable market.
Following Genius Sports' report of Q3 revenue and EBITDA slightly surpassing consensus by 1% and 2%, respectively, the momentum for the sports betting sector is perceived to be growing. This growth is attributed to broader acceptance in the mainstream, ongoing legalizations, increased structural hold, and a rise in in-play betting.
The forecast for Genius Sports' 2025 EBITDA has been increased to $110M due to improved expectations for Betting Services, following the completion of its operator renewal cycle. This indicates an anticipated rise in pricing and wider adoption of FANHub. The stable revenue in Q4, despite unfavorable NFL results in October, points to a significant contribution from live betting, which generally commands higher fee revenue.
Here are the latest investment ratings and price targets for $Genius Sports (GENI.US)$ from 4 analysts:
Note:
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