Analyst Bernie McTernan from Needham reiterated a Buy rating on Genius Sports Limited and keeping the price target at $16.00.
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Bernie McTernan has given his Buy rating due to a combination of factors, including Genius Sports Limited’s impressive financial targets and strategic partnerships. The company presented targets for 2028 that significantly exceed previous estimates, with projected revenue and EBITDA surpassing expectations by 27% and 41%, respectively. This optimistic outlook is largely driven by advancements in their Betting Tech and Media Tech segments.
Furthermore, the presence of influential partners such as NFL Commissioner Roger Goodell and executives from PMG and Publicis at their investor day was viewed positively, highlighting the strength of GENI’s strategic relationships. Although the NFL’s cautious approach to prediction markets may limit immediate benefits, GENI anticipates long-term advantages from these markets. These factors collectively support McTernan’s Buy rating for GENI.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $16.00 price target.