Needham Maintains Buy on Genius Sports, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Bernie McTernan has maintained a Buy rating on Genius Sports (NYSE:GENI) but has reduced the price target from $10 to $9.
November 14, 2023 | 11:19 am
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Needham analyst Bernie McTernan maintains a Buy rating on Genius Sports but lowers the price target from $10 to $9.
While the Buy rating reaffirms confidence in Genius Sports' fundamentals, the reduction in price target may reflect a more conservative valuation or response to market conditions. This could lead to mixed reactions in the short term, as investors appreciate the continued positive outlook but also adjust to the lowered expectations.
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IMPORTANCE 75
RELEVANCE 100