Genius Sports (GENI) Holds Citizens Market Outperform Rating Despite Arizona Legal Concerns

Genius Sports Limited (NYSE:GENI) ranks among the best stocks nether $25 to bargain now. On December 16, Citizens expert steadfast maintained its Market Outperform standing for Genius Sports Limited (NYSE:GENI), with a $17 terms target. The update comes amid ineligible worries successful Arizona, wherever the authorities has banned prediction marketplace offerings.

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Citizens thinks Arizona’s measures against prediction markets mightiness person a bearing connected companies specified arsenic Fanatics, which has a gaming licence arsenic good arsenic a precocious single-digit marketplace stock successful Arizona, and PrizePicks, which runs connected a phantasy license.

The steadfast notes that Genius Sports Limited (NYSE:GENI) provides information to traders who connection liquidity to firms getting cease-and-desist letters successful Arizona, including Kalshi and Crypto.com, though it believes ceremonial ineligible enactment against Genius Sports Limited (NYSE:GENI) is unlikely.

Moreover, connected December 3, the institution held its 2nd Investor Day, during which it delivered a affirmative three-year outlook for revenue, adjusted EBITDA, and escaped currency flow, exceeding statement estimates. Following this event, Guggenheim raised Genius Sports Limited (NYSE:GENI)’s’ terms people to $17 portion maintaining a Buy rating, portion BTIG reiterated its $16 terms target, citing advertizing potential.

Genius Sports Limited (NYSE:GENI) develops and sells technology-led products and services to the sports, sports betting, and sports media industries.

While we admit the imaginable of GENI arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.