Spain’s credit rating upgraded to ’A+’ by S&P on strong growth
Investing.com - UBS raised its price target on Genius Sports Ltd. (NYSE:GENI) to $13.00 from $11.00 on Wednesday, while maintaining a Neutral rating on the stock. The stock, currently trading at $12.76, has shown remarkable momentum with a 73% return over the past year. According to InvestingPro data, analyst targets range from $11 to $16, with a strong Buy consensus.
The price target increase follows Genius Sports’ second-quarter results, which exceeded expectations and prompted management to raise its full-year 2025 guidance.
The company has updated its fiscal year 2025 revenue guidance to $645 million from the previous $620 million, and adjusted EBITDA guidance to $135 million from $125 million.
UBS noted that Genius Sports had previously indicated it was accounting for sterling appreciation relative to USD when providing its initial guidance at the beginning of the year.
The firm estimates that currency exchange factors could have contributed approximately $10 million to the $645 million revenue guidance and potentially several million dollars to EBITDA this year, based on foreign exchange rates through August 6 compared to last year’s rates.
In other recent news, Genius Sports Ltd. reported strong second-quarter 2025 financial results with revenue reaching $120 million, marking a 23% increase year-over-year, and adjusted EBITDA growing by 81% to $36 million. These results surpassed consensus estimates, which projected revenue of $118 million and adjusted EBITDA of $34 million. Benchmark and Guggenheim both raised their price targets for Genius Sports to $16, maintaining a Buy rating, citing the company’s robust outlook and growth prospects. Additionally, Genius Sports announced a multi-year strategic partnership with PMG to enhance sports advertising technologies through its FANHub platform. This partnership will provide PMG’s clients, including major brands like Nike and TurboTax, access to innovative advertising technologies. The company also scheduled an Investor Day for December 3, 2025, in New York City, where its senior leadership will present business strategies and growth drivers. These developments reflect Genius Sports’ ongoing efforts to expand its market presence and technological capabilities.
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