Roth Capital initiated coverage of Genius Sports (GENI) with a Buy rating and $16 price target The firm views Genius Sports as an attractive growth story with four-year estimated revenue and adjusted EBITDA CAGR’s through 2028 off 19% and 36%, respectively, and a relatively consistent beat-and-raise track record. Multiple tailwinds are arising from an expanding portfolio of sports data rights and services, most notably with healthy market growth from online sports betting, particularly with in-play, as well as with media services, the analyst tells investors in a research note.
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