Craig-Hallum Maintains Buy on Genius Sports, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Ryan Sigdahl has maintained a Buy rating on Genius Sports (NYSE:GENI) but lowered the price target from $15 to $12.
November 14, 2023 | 8:16 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Genius Sports' Buy rating is maintained by Craig-Hallum, but the price target is reduced from $15 to $12.
While the maintenance of a Buy rating is positive, the reduction in the price target could signal a tempered expectation of the company's stock performance. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100