Texas Capital initiated coverage of Genius Sports (GENI) with a Buy rating and $14 price target The firm says Genius is its top pure play, real-money online gaming stock pick. The company’s real-time sports data collection, betting technology, media distribution, focused stadium and broadcasting technology “positions it at the heart of sports,” the analyst tells investors in a research note. Texas Capital believes Genius has created “moated sports technology with profitable tentacles,” positioned throughout several growing total addressable markets totaling hundreds of billions of dollars.
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