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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.
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