Geo Group price target lowered to $37 from $50 at JonesResearch

JonesResearch lowered the firm’s price target on Geo Group (GEO) to $37 from $50 and keeps a Buy rating on the shares. The pathway toward $3B+ in annualized revenue from upcoming contracts and monitoring has begun tot show for FY26, the analyst tells investors in a research note. The firm revised its estimates downward, however, to account for slower-than-expected growth, but noted that it remains bullish on all segments of GEO, in particular the Intensive Supervision Appearance Program opportunity.