As previously reported, Guggenheim initiated coverage of Genius Sports (GENI) with a Buy rating and $12 price target Genius has built a “unique position” at the intersection of sports, media, and gaming, which the firm calls “three industries with strong secular tailwinds,” and has a “differentiated, scaled global sports technology platform.” The firm believes the company has a “robust financial profile,” multiple potential growth catalysts, and a strong balance sheet that should give it significant financial flexibility in the year ahead, the analyst tells investors.
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