Stifel analyst Jeffrey Stantial initiated coverage of Genius Sports (GENI) with a Hold rating and $10 price target The longstanding bear case revolves around competition for data rights, though the sector seems to be consolidating into a rational duopoly with Genius’ contra-service model creating incremental switching costs, the analyst tells investors in a research note. The firm added that while the fundamental multi-year setup appears attractive, shares have outperformed and the firm believes the risk-reward appears balanced.
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