Citizens reiterates Genius Sports stock rating on betting market dynamics
Investing.com
Citizens has reiterated a "Market Outperform" rating and a $10.00 price target for Genius Sports Ltd. (NYSE: GENI), indicating significant upside potential for the undervalued stock. The firm noted the high competition in sports betting, emphasizing that success relies on retaining and monetizing customers, not just acquiring them. Analysts expect Genius Sports to achieve profitability this year, supported by its role as a data supplier to market makers like Flutter Entertainment and DraftKings.
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