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Investing.com - Benchmark raised its price target on Genius Sports Ltd. (NYSE:GENI) to $16.00 from $15.00 on Wednesday, while maintaining a Buy rating on the sports data company. The stock, currently trading at $12.73 with a market capitalization of $3.02 billion, has delivered an impressive 73% return over the past year, according to InvestingPro data.
The firm cited multiple converging catalysts ahead of Genius Sports’ December 3 Analyst Day, highlighting FanHub as "the most transformational growth driver" with approximately 60% media growth expected in the second half of 2025.
Benchmark identified in-play betting as a continuing growth area, with BetVision driving mix shift and NFL exclusivity positioning Genius at "the center of the ecosystem." The firm also noted prediction markets as an emerging opportunity, with the NFL requiring official Genius data for legitimacy.
The research firm pointed to Genius Sports’ consistent record of exceeding guidance and converting AEBITDA to free cash flow, with expectations that the upcoming Analyst Day will deliver more detailed long-term targets and expanded disclosure around FanHub.
Benchmark described Genius Sports as a "compounder with sustained +20% growth and rising FCF," noting that structural scarcity in global sports data contributes to the company’s strong position in the market.
In other recent news, Genius Sports reported its second-quarter 2025 financial results, with revenue reaching $120 million, a 23% increase year-over-year, surpassing the consensus estimate of $118 million. The company’s adjusted EBITDA grew significantly by 81% to $36 million, exceeding the $34 million consensus, and margins expanded by 960 basis points year-over-year to 30%. Additionally, Genius Sports announced a multi-year strategic partnership with PMG to enhance sports advertising technologies through its FANHub platform. This partnership will allow PMG’s clients, including notable brands like Nike and TurboTax, to access innovative sports advertising technologies. Analyst firms have responded positively to these developments, with Guggenheim raising its price target for Genius Sports to $16 while maintaining a Buy rating. Similarly, Benchmark increased its price target to $14, also maintaining a Buy rating. Truist Securities initiated coverage of Genius Sports with a Buy rating and a $14 price target, based on future EBITDA estimates. Furthermore, the company has scheduled an Investor Day for December 2025, where senior leadership will present business strategies and financial outlooks.
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