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Investing.com - Truist Securities initiated coverage on Genius Sports Ltd. (NYSE:GENI) with a Buy rating and a $14.00 price target on Tuesday.
The research firm based its target on approximately 15 times its estimated 2027 EBITDA for the sports data provider.
Truist views Genius Sports as a leading provider of sports data and technology solutions across the sports ecosystem, while noting its media segment offers brands a unique platform to engage with sports fans.
The firm identified Genius Sports as an integral B2B partner for the online sports betting industry, highlighting its position to benefit from increasing in-play betting, new state legalizations, and overall growth in online sports betting.
Truist Securities projects Genius Sports could approach approximately $300 million in EBITDA by 2028, representing a three-year compound annual growth rate of about 36%, which it notes is among the highest in the sector. This ambitious target is supported by the company’s strong revenue growth of 22.9% over the last twelve months, with analysts expecting 21% growth in the current fiscal year.
In other recent news, Genius Sports has announced an extension of its partnership with the NFL through the 2030 Super Bowl, maintaining exclusive distribution rights for NFL statistics and data. This agreement includes BetVision, which enhances Genius Sports’ streaming and advertising capabilities. Following this announcement, Needham reiterated a Buy rating with a $13.00 price target, viewing the data rights renewal as a positive development for the company’s business outlook. Texas Capital Securities also initiated coverage of Genius Sports with a Buy rating and a $14.00 price target, highlighting the company’s potential for 20% annual revenue growth over the next several years.
Additionally, Goldman Sachs maintained a Buy rating on Genius Sports, adjusting the price target to $12.00, following the company’s first-quarter earnings report for 2025, which aligned with expectations. The report projected a 21% year-over-year revenue increase and a 46% rise in adjusted EBITDA. Benchmark analysts also maintained a Buy rating with a $12.00 price target, emphasizing the company’s structural revenue visibility and resilience against market volatility. Furthermore, Genius Sports has secured an extended partnership with the NCAA, becoming the exclusive provider of official NCAA data to licensed sportsbooks through 2032.
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