Genius Sports stock hits 52-week high at $11.74

Published 01/08/2025, 20:46
Genius Sports stock hits 52-week high at $11.74

Genius Sports stock reached a 52-week high of $11.74, marking a significant milestone for the company. According to InvestingPro data, the company has a market capitalization of $2.74 billion and maintains a robust financial health score rated as "GOOD." Over the past year, the stock has experienced a robust increase, with a 1-year change of 86.7%. This upward trajectory reflects growing investor confidence and interest in Genius Sports, a leading provider of sports data and technology. The company’s revenue grew by 22.9% in the last twelve months, while analysts have set price targets ranging from $11 to $15, suggesting potential further upside. The stock’s recent performance highlights its strong market position and the potential for continued growth in the sports technology sector. InvestingPro subscribers have access to 8 additional key insights about Genius Sports, along with comprehensive financial analysis and Fair Value estimates to make more informed investment decisions.

In other recent news, Genius Sports has announced significant developments that are drawing attention in the investment community. The company extended its partnership with the NFL through the 2030 Super Bowl, maintaining exclusive distribution rights for NFL statistics and data, as well as BetVision streaming capabilities. This extension provides Genius Sports with increased visibility into its cost structure for two additional NFL seasons. In a strategic move, Genius Sports has also partnered with PMG to enhance sports advertising technologies through its FANHub platform, offering clients like Nike (NYSE:NKE) and TurboTax access to new advertising tech during live events.

On the analyst front, several firms have shown confidence in Genius Sports’ future. Truist Securities initiated coverage with a Buy rating and a $14.00 price target, based on its estimated 2027 EBITDA. Needham reiterated its Buy rating with a $13.00 price target following the NFL partnership extension. Texas Capital Securities also initiated coverage with a Buy rating and a $14.00 price target, highlighting the company’s potential in real-time sports data and betting technology. Additionally, BTIG reaffirmed its Buy rating with a $12.00 price target after the NFL agreement announcement. These recent developments underscore the company’s strategic positioning and growth potential in the sports data and technology sectors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.