Genius Sports price target lowered to $12 from $12.50 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Genius Sports (GENI) to $12 from $12.50 and keeps a Buy rating on the shares. The company’s Q1 revenue and adjusted EBITDA were in line with expectations, while the management reiterated confidence in the FY25 guidance of 21% revenue growth and 46% adjusted EBITDA growth, the analyst tells investors in a research note. The Media segment came in below expectations on a tougher comp from last year, but the management remained confident in building contribution to growth, the firm adds.