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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GENI:
- Genius Sports price target raised to $13 from $12 at Citizens JMP
- Nevada reports May statewide gaming win down 2.18% to $1.29B
- NJ state budget proposes tax hike on online betting, NJ.com reports
- Genius Sports Limited: Strategic Growth and NFL Partnership Drive Buy Rating
- Genius Sports management to meet with Citizens JMP