Mon, January 27, 2025

JMP Securities maintains GENI stock with $11 target

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The article from MSN Money discusses JMP Securities' latest analysis on Genius Sports Limited (NYSE: GENI), where they have maintained their market outperform rating with a price target of $11.00. This assessment comes after Genius Sports reported a significant revenue increase of 23% year-over-year to $119.7 million in the first quarter, alongside a reduced net loss of $11.2 million compared to $20.3 million the previous year. The company also raised its full-year revenue guidance to between $480 million and $500 million, reflecting optimism about future growth. JMP Securities highlights Genius Sports' strategic positioning in the sports betting and media sectors, driven by long-term contracts with major sports leagues and an expanding market for sports data and technology.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/jmp-securities-maintains-geni-stock-with-11-target/ar-AA1xW6RX ]