Genius Sports (GENI) said ahead of its investor day Wednesday that it has set a 2028 revenue target of $1.2 billion.

Four analysts surveyed by FactSet expect $1.04 billion.

Co-founder and chief executive officer Mark Locke said its target is based on "already-demonstrated growth" rather than "not blue-sky ambition."

Shares of the company were up more than 1% in recent Wednesday premarket activity.