Citron Research Posts '$GEO Breaking: Yesterday House approved H.R. 4367. This is how the stock goes over $25.' 'We expect the Senate to seek a compromise but still the numbers are off the charts. $GEO finding solutions to migrant crisis...."
Portfolio Pulse from Benzinga Newsdesk
Citron Research predicts that the stock of GEO Group Inc. (GEO) will rise above $25 due to the approval of H.R. 4367 by the House. The bill proposes mandatory GPS monitoring for all aliens on the non-detained docket throughout their immigration proceedings. GEO, which controls 87% of this market, is expected to benefit significantly from this development.
September 29, 2023 | 1:42 pm
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The approval of H.R. 4367 could significantly boost GEO's revenues as the company controls 87% of the GPS monitoring market for aliens on the non-detained docket. This could lead to a rise in the company's stock price.
The approval of H.R. 4367 mandates GPS monitoring for all aliens on the non-detained docket throughout their immigration proceedings. As GEO controls 87% of this market, the company is expected to see a significant increase in revenues, which could lead to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100