JMP Securities raised the firm’s price target on Genius Sports to $9 from $8 and keeps an Outperform rating on the shares. Genius Sports beat revenue and EBITDA expectations in Q1, with the analyst telling investors in a research note that Genius has yet to miss a quarter as a publicly traded company, the analyst tells investors in a research note. The beat vs. JMP’s model and expectations was due to better-than-expected cost controls, mainly in R&D, the analyst says.
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