Genius Sports Stock Rated 'Outperform' by Macquarie; NFL Deal and Revenue Growth Draw Optimism Despite Recent EPS Miss
-
Macquarie initiates coverage on Genius Sports stock with an "outperform" rating and $11 price target, representing 78.57% upside potential.
-
Several other analysts also have buy ratings on Genius Sports, with price targets ranging from $8 to $15.
-
Genius Sports recently scored an 18-month high on an NFL deal.
-
Revenue was up 29.2% year-over-year last quarter, but EPS missed estimates by $0.02.
-
Institutional ownership of Genius Sports stands at 43.24%.