Critical Insights From Genius Sports Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Genius Sports (NYSE:GENI) has been evaluated by 9 analysts over the last three months, showing a diverse range of opinions. The average 12-month price target is $8.83, with a high of $10.00 and a low of $7.50, marking an 11.7% decrease in the average price target. Analysts from firms like Needham, Goldman Sachs, and B. Riley Securities have maintained or announced buy ratings, with price targets ranging from $7.50 to $10.00. Genius Sports, a B2B provider in sports and betting technology, has shown a revenue growth of 20.73% as of December 31, 2023, but struggles with profitability and efficiency metrics such as net margin, ROE, and ROA.
May 09, 2024 | 12:00 pm
News sentiment analysis
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Genius Sports has received mixed analyst ratings with a revised average price target of $8.83, indicating a negative sentiment shift. Despite this, the company has experienced significant revenue growth, outperforming sector averages.
The mixed analyst ratings and the decrease in the average price target suggest a cautious outlook from the investment community. However, the significant revenue growth indicates underlying business strength, which might counterbalance the negative sentiment in the short term. The profitability and efficiency challenges highlighted could dampen investor enthusiasm, making the short-term impact neutral as these factors may balance each other out.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100