Citron Research Posts "$GEO.. Whether The Migrants Get Detained Or Tracked, More Funding Will Go To The Borders To Properly Deal With This Issue. The U.S. Will Need More Prisons, Detention Centers, And Tracking Technology. $GEO $20 In 2024"
Portfolio Pulse from Benzinga Newsdesk
Citron Research predicts that GEO Group Inc. (GEO) will reach $20 in 2024 due to increased funding for border management, implying a need for more prisons, detention centers, and tracking technology.

December 19, 2023 | 3:47 pm
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Citron Research's projection suggests a bullish outlook for GEO Group, anticipating a rise in stock price to $20 by 2024 due to increased border funding.
The analysis by Citron Research directly relates to GEO Group's core business of detention centers and tracking technology. The anticipation of increased border funding could lead to more contracts and business for GEO, potentially boosting its stock price. However, the prediction is for 2024, which introduces uncertainty regarding the timing and actual implementation of such funding, as well as the company's ability to secure new contracts.
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