Oppenheimer lowered the firm’s price target on Genius Sports (GENI) to $11 from $12 and keeps an Outperform rating on the shares. The firm notes the company reiterated its 2026 organic Revenue/EBITDA outlook of $810M-$820M/$180M-$190M, and it sees potential upside from expanded agency/ad-tech partnerships, a broader Soccer rights portfolio and rapid influx of Prediction Marketing advertising into NFL. Investors remain skeptical on Legend acquisition, but Oppenheimer sees immediate media revenue synergies with O&O inventory, iGaming, and intent technology better scaling FanHub.
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