Stifel cuts Genius Sports stock price target on valuation concerns
Stifel has lowered its price target for Genius Sports Ltd. (NYSE:GENI) shares from $7.00 to $5.00, while maintaining a Hold rating due to valuation concerns, despite the stock trading at a compelling 5 times fiscal 2028 estimated adjusted EBITDA. The firm notes that although the stock is near its 52-week low and down significantly, InvestingPro analysis suggests it may be undervalued. Other analysts like Benchmark and Citizens have maintained positive ratings, anticipating growth and strong performance from Genius Sports.
https://www.investing.com/news/analyst-ratings/stifel-cuts-genius-sports-stock-price-target-on-valuation-concerns-93CH-4605407