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Genius Sports stock reached a significant milestone, hitting a 52-week high of $13.10, with InvestingPro data showing the stock currently trading above its Fair Value amid strong momentum indicators. This achievement underscores the company’s robust performance over the past year, with the stock delivering a remarkable 77% return. The company’s market capitalization has grown to $3.1 billion, supported by impressive revenue growth of nearly 26% over the last twelve months. The surge in share price reflects growing investor confidence and interest in the company, which specializes in sports data and technology solutions. As Genius Sports continues to expand its market presence, analyst price targets reach as high as $16, suggesting potential upside. Get deeper insights and access to 15+ additional ProTips for GENI through InvestingPro’s comprehensive research reports.
In other recent news, Genius Sports reported second-quarter earnings with revenue reaching $120 million, a 23% increase year-over-year, surpassing the consensus estimate of $118 million. The company’s adjusted EBITDA also saw significant growth, rising 81% to $36 million, which exceeded the $34 million consensus. This performance led Benchmark to raise its price target for Genius Sports to $14, maintaining a Buy rating. Similarly, Guggenheim increased its price target to $16 while also keeping a Buy rating, noting the strong outlook. Truist Securities initiated coverage with a Buy rating and a $14 price target, valuing the company based on its projected 2027 EBITDA. In strategic moves, Genius Sports extended its partnership with the NFL through the 2030 Super Bowl, enhancing its data rights and streaming capabilities. Additionally, the company announced a multi-year partnership with PMG to advance sports advertising technologies. Needham reiterated a Buy rating with a $13 price target following these developments.
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