Genius Sports (GENI) Receives Buy Rating from Deutsche Bank

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4 days ago

Key Insights:

  • Deutsche Bank initiates coverage on Genius Sports (GENI, Financial) with a "Buy" rating due to its stable revenue model.
  • The stock's one-year price target implies a potential 16.51% upside.
  • GF Value suggests a downside, contrasting with analysts' positive outlook.

Deutsche Bank's Bullish Take on Genius Sports

Deutsche Bank has commenced coverage on Genius Sports (GENI) with a confident "Buy" rating. The bank underscores the company's robust revenue framework, characterized by a solid fixed stream that comprises approximately 60% of its operations. This stability is particularly appealing in a climate of potential economic fluctuations. Furthermore, Deutsche Bank sets a price target of $12, highlighting GENI’s attractive valuation.

Wall Street's Outlook on GENI

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Analysts from 14 firms have set an average price target of $12.04 for Genius Sports Ltd (GENI, Financial), with forecasts ranging from a low of $11.00 to a high of $14.00. This average target suggests a potential upside of 16.51% from the current share price of $10.33. For a more in-depth exploration, visit the Genius Sports Ltd (GENI) Forecast page.

Brokerage Recommendations

The consensus from 14 brokerage firms positions Genius Sports Ltd (GENI, Financial) with an average recommendation score of 1.8, indicating an "Outperform" status. On the rating scale where 1 represents a "Strong Buy" and 5 a "Sell," this positions GENI favorably among investors.

Analyzing GF Value

According to GuruFocus' estimates, the one-year GF Value for Genius Sports Ltd (GENI, Financial) is projected at $9.10. This suggests a potential downside of 11.91% from its current price of $10.33, providing a contrasting perspective to the optimistic analyst targets. The GF Value is discerned from historical trading multiples, past business performance, and projections of future growth. More comprehensive data is available on the Genius Sports Ltd (GENI) Summary page.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.