BTIG analyst Clark Lampen raised the firm’s price target on Genius Sports (GENI) to $16 from $14 and keeps a Buy rating on the shares after its Investor Day medium-term targets. The overarching focus of management presentations was shedding the legacy perception of Genius as a predominantly rights-driven enterprise with limited distribution and monetization opportunities while positioning the company as a “foundational tech layer” for the sports ecosystem with the fidelity of its data collection as well as assets intertwined with its distribution and monetization opportunities, the analyst tells investors in a research note.
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