BTIG lowered the firm’s price target on Genius Sports (GENI) to $9 from $10 and keeps a Buy rating on the shares. The company delivered upside to Q1 expectations on an organic basis with Betting Tech revenue also helped by contributions from afterhours market-makers, the analyst tells investors in a research note. Away from the Betting Tech items, the early May closing of the Legend acquisition drove an increase in FY26 guidance to reflect eight months of contribution with no change in either organic or pro-forma expectations, the firm added.
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Read More on GENI:
- Genius Sports price target lowered to $8 from $9 at Citi
- Analyst Maintains Buy on Genius Sports, Lowers Target to $10 While Highlighting Upside from Legend Acquisition and Media Synergy Potential
- Genius Sports reports Q1 EPS (21c) vs (3c) last year
- Genius Sports raises FY26 revenue view to $990-$1.01B, consensus $813.91M
- Genius Sports sees Q2 revenue roughly $185M, consensus $144.56M