Geo Group Faces Legal Setback in Wage Case

The latest update is out from Geo Group ( (GEO) ).

On August 13, 2025, The GEO Group, Inc. faced a legal setback when the United States Court of Appeals for the Ninth Circuit denied its petition for a rehearing in cases concerning the enforcement of Washington State minimum wage laws for detainees at the Northwest ICE Processing Center. This decision upholds a previous unfavorable jury verdict from October 2021, which resulted in a $23.2 million judgment against GEO, further increased by $14.4 million in attorney’s fees and costs. The company plans to seek a stay and petition the U.S. Supreme Court, arguing that the decision violates the Supremacy Clause and established legal principles.

The most recent analyst rating on (GEO) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Geo Group stock, see the GEO Stock Forecast page.

Spark’s Take on GEO Stock

According to Spark, TipRanks’ AI Analyst, GEO is a Neutral.

Geo Group’s overall stock score is driven by a strong earnings call performance, highlighting strategic achievements and financial restructuring. However, financial performance concerns, particularly in cash flow management and valuation risks due to a high P/E ratio, moderate the score. The lack of technical analysis data limits a comprehensive assessment of market trends.

To see Spark’s full report on GEO stock, click here.

More about Geo Group

The GEO Group, Inc. operates in the private corrections and detention management industry, providing services such as the operation of correctional facilities, detention centers, and reentry facilities. The company focuses on managing facilities that house individuals in the custody of federal immigration authorities.

Average Trading Volume: 3,084,368

Technical Sentiment Signal: Buy

Current Market Cap: $2.97B

See more insights into GEO stock on TipRanks’ Stock Analysis page.