Genius Sports Limited (NYSE:GENI) is one of the low priced stocks to buy with high upside potential. On December 4, BTIG analyst Clark Lampen raised the firm’s price target on Genius Sports to $16 from $14 and kept a Buy rating on the shares. The firm highlighted that Genius Sports’ move to shed its image as a rights-heavy business with limited upside. Management is now framing the company as a critical infrastructure provider for sports data. By using superior data accuracy and integrated distribution tools, Genius Sports aims to prove its technology is essential to the entire sports industry.
On the same day, Guggenheim raised the firm’s price target on Genius Sports to $17 from $16 with a Buy rating on the shares. Following the company’s investor day, the firm updated its financial model to align with management’s new multi-year projections. The adjustment comes in response to a three-year outlook for revenue, adjusted EBITDA, and free cash flow that exceeded market consensus.
Additionally, Goldman Sachs also raised the price target on Genius Sports to $16 from $14 with a Buy rating on the shares. The company’s Investor Day highlighted its expanding data and technology platform, multiple monetization avenues, and above-expected 2028 financial targets that point to sustained revenue growth, margin expansion, and improving free cash flow. The event underscored Genius Sports Limited’s (NYSE:GENI) positioning amid secular industry tailwinds, its increasing cost-structure visibility, its durable technology-led competitive advantage, and its growing financial flexibility.
Genius Sports Limited (NYSE:GENI) develops and sells technology-led products and services to the sports, sports betting, and sports media industries.
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Disclosure: None. This article is originally published at Insider Monkey.