Fisker
This electric vehicle (EV) stock could be a takeover candidate. Fisker Inc. (NYSE: FSR) develops, manufactures, markets, leases and sells EVs. It is also involved in the asset-light automotive business. In addition, it offers Fisker Flexible Platform Agnostic Design, a process that develops and designs electric vehicles in specific segment sizes.
Earlier this year, the company announced that it officially started production of the Fisker Ocean all-electric sport utility vehicle in Graz, Austria. Fisker said it expects to see more than 300 units manufactured in the first quarter, 8,000 units in the second quarter, and 15,000-plus units in the third quarter. It is targeting 2023 production of 42,400 units. The CEO said at the time that demand was stronger than the company initially expected.
Citigroup’s $15 target price is shy of the $15.29 consensus target, but Fisker stock traded on Friday at $5.65.
Genius Sports
This sports-betting-related stock just signed a big-time partnership with the NFL, and ARK’s Cathie Wood owns over 5 million shares. Genius Sports Ltd. (NYSE: GENI) develops and sells technology-led products and services to the sports, sports betting and sports media industries.
The company offers technology infrastructure for the collection, integration and distribution of live data of sports leagues; streaming solutions, comprising of technology, automatic production and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as full suite of online and offline educational and consultancy services.
Genius Sports also provides live sports data collection; pre-game and in-game odds feeds; risk management services, including customer profiling, monitoring of incoming bets, automated acceptance and rejection of bets, and limit setting; live streaming services; creation, delivery and measurement services for personalized online marketing campaigns; and fan engagement widgets for digital publishers that offer live game statistics and betting-related content.
The Oppenheimer price objective is $10, and Genius Sports stock has a $9.50 consensus target. On Friday, shares traded at $6.15.
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