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Genius Sports initiated with a Buy at Truist

Truist initiated coverage of Genius Sports (GENI) with a Buy rating and $14 price target The firm views Genius as an “integral B2B partner” for the online sports betting industry sees “a credible path” for the company to approach about $300M in EBITDA by 2028 with increasing in-play betting, new state legalizations and OSB growth, the analyst tells investors.

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