Genius Sports Surpasses Analyst Target – What’s Next for Investors?
Recently, Genius Sports Ltd (Symbol: GENI) shares traded above the average 12-month target price set by analysts at $8.95, reaching $9.47 per share. When a stock exceeds its target, analysts often have two choices: downgrade the stock based on valuation or raise their target price. Their decision can also be influenced by the company’s underlying performance, which could warrant a reassessment of forecasts.
Analyst Ratings Sketch a Mixed Picture
Within the Zacks coverage, 10 analysts have contributed to the average target for Genius Sports. However, this average represents a broad spectrum of opinions. For instance, while one analyst has set a low target at $7.00, another is optimistic with a target of $10.00, indicating a standard deviation of $0.955.
The purpose of analyzing the average price target is to leverage the collective insights, reflecting the diverse views of various analysts rather than relying on a single perspective. With GENI’s recent surge past the $8.95 target, investors are prompted to evaluate the company’s current standing. Is $8.95 merely a milestone on the path to potential highs, or has the valuation stretched too far, suggesting a time to take profits? Below is an overview of current analyst sentiment regarding Genius Sports Ltd:
| Recent GENI Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 11 | 11 | 11 | 11 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 0 | 0 | 0 | 0 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.08 | 1.08 | 1.08 | 1.08 |
The average rating is on a scale from 1 to 5, where 1 is Strong Buy and 5 is Strong Sell. This analysis utilizes data from Zacks Investment Research via Quandl.com. For the latest research report on GENI, visit Zacks Investment Research.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
