Genius Sports Receives Bullish Rating from JPMorgan Chase & Co.

Wall Street analysts have weighed in on Genius Sports (NYSE: GENI), and their verdict is clear. JPMorgan Chase & Co. has begun coverage of the company, setting an 'overweight' rating with a price target of $8.00. This would indicate a potential upside of 38.05% from its current price.

Other firms, including Needham & Company LLC and Stifel Nicolaus, have also issued reports on GENI. Needham raised their price objective to $12.00 with a 'buy' rating, while Stifel boosted their target to $7.00 with a 'hold' rating.

However, not all analysts are optimistic about Genius Sports. Zacks Research cut the company from a 'hold' rating to a 'strong sell' rating in a recent report. Despite this, the consensus rating among analysts is still a 'Moderate Buy', with an average price target of $11.25.

Genius Sports has seen significant growth in its revenue, with a 64.7% increase in the most recent quarter compared to the same period last year. The company's quarterly earnings data showed a loss per share of ($0.28), missing analysts' estimates by ($0.21).