Genius Sports price target raised to $9 from $8.50 at Lake Street

Lake Street raised the firm’s price target on Genius Sports to $9 from $8.50 and keeps a Buy rating on the shares. The firm, which is raising estimates given the company’s “more optimistic outlook for 2024,” says that the company leveraging its exclusive data rights to garner higher prices with the leading global sportsbooks was “always the plan,” but “it is good to see the execution.”