Citi resumed coverage of Genius Sports with a Buy rating and $9 price target after a period of having the firm’s rating suspended. The firm’s 2024-2026 revenue and adjusted EBITDA figures move up “slightly” from its previously published estimates, but its thesis remains unchanged that the company is well-positioned within the sports betting value chain, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GENI:
- Bet On It: Macau bounces back to pre-pandemic levels
- Bet On It: Flutter’s move to U.S. listing prompts immediate CFO succession
- Nevada reports April statewide gaming win up 6.95% to $1.24B
- DraftKings, FanDuel parent slide as sports-betting tax passes Illinois Senate
- Deutsche sees several states following Illinois to raise gambling tax