Macquarie raised the firm’s price target on Genius Sports to $10 from $9 and keeps an Outperform rating on the shares following the Q2 report. The firm says that with sports betting still in its infancy in North America, it sees more momentum for the sector during NFL season. Genius Sports is a direct benefactor of this momentum, positioning the company to outperform in the second half of 2024, the analyst tells investors in a research note.
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