November 29, 2021

Genius Sports

 The Fool thinks that the sell off in Genius Sports is overdone as the stock is trading near its IPO price. However, as this article points out, the stock has some issues.  Still the price target is around $20, which is double the current price:

"The most important thing to take away is that the analysts increased their loss per share estimates for next year. Fortunately, they also reconfirmed their revenue numbers, suggesting sales are tracking in line with expectations - and our data suggests that revenues are expected to grow faster than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Genius Sports' future valuation.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings."


No comments: