Genius Sports stock initiated with Buy rating on data and tech potential
Investing.com
Published Jun 12, 2025 01:31AM ET
Texas Capital Securities initiated coverage on Genius Sports Ltd. (NYSE:GENI) Tuesday with a Buy rating and a $14.00 price target. Currently trading at $9.66, the stock has shown strong momentum with an 81% gain over the past year. According to InvestingPro data, analyst consensus remains strongly bullish with price targets ranging from $11 to $15.
The firm identified Genius Sports as its top pure-play pick in the real-money online gaming sector, citing the company's real-time sports data collection, betting technology, and media distribution capabilities.
Texas Capital Securities highlighted Genius Sports' position "at the heart of sports" through its stadium and broadcasting technology, creating what the firm describes as "moated sports technology with profitable tentacles" across multiple growing markets.
The research firm projects Genius Sports could achieve revenue growth of approximately 20% annually over the next several years, with expanding margins each year that could outperform current consensus estimates.
Texas Capital Securities also suggested Genius Sports' valuation could eventually separate from gaming stocks and align more with established SaaS data providers that have significant barriers to entry and large total addressable markets.
In other recent news, Genius Sports Ltd. announced an extension of its partnership with the National Football League, securing exclusive distribution rights for NFL statistics and data through the 2029-30 season. The agreement, which also enhances Genius Sports' advertising capabilities, was met with a Buy rating from BTIG, setting a price target of $12.00. Additionally, Goldman Sachs maintained its Buy rating, adjusting the price target slightly to $12.00, following Genius Sports' first-quarter earnings report that aligned with expectations. The company is forecasting a 21% year-over-year revenue increase and a 46% rise in adjusted EBITDA for 2025. Benchmark analysts reiterated a Buy rating with a $12.00 price target, highlighting the company's stable revenue model, with 60-70% of revenue being contractual. B.Riley also resumed coverage with a Buy rating and a $12.00 price target, emphasizing Genius Sports' competitive edge through exclusive partnerships and its extensive data collection network. Guggenheim initiated coverage with a Buy rating and a $12.00 price target, citing the company's strategic position within the growing sports, media, and gaming sectors. These developments underscore Genius Sports' continued focus on growth and strategic partnerships.
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