Genius Sports price target lowered to $12 from $15 at Oppenheimer

Oppenheimer lowered the firm’s price target on Genius Sports (GENI) to $12 from $15 and keeps an Outperform rating on the shares. The firm notes Genius Sports traded-off 27.5%, despite issuing 2026 organic Revenue/EBITDA guidance of up 22%/36% year-over-year, after acquiring Legend, a digital OSB/iGaming media network for $1.2B. Oppenheimer believes the market is misinterpreting the acquisition’s strategic rationale, and sees Genius leveraging its league-relationships and in-game data with Legend’s content optimization engine to further penetrate ad-agency budgets by creating more valuable inventory with better audience targeting.