Analysts believe GEO Group, Inc. is a strong investment in the prison and law enforcement sector.
From Yahoo Finance: 2025-04-27 16:53:00
A record 11.7 million people were detained globally in 2019, with a 25% increase since 2000. While majority are men, women in prisons are rising at a faster pace. The US law enforcement PPE industry reached $839.4 million in 2021, expected to grow at 5.0% CAGR between 2022 and 2030 due to increased demand during COVID-19.
Police departments in the US are starting to use AI for writing reports, aiming to reduce administrative workload and improve efficiency. However, concerns about transparency, accuracy, and potential bias are raised by legal experts, impacting the future of AI in law enforcement.
The GEO Group, Inc. (NYSE: GEO) is among the top prison and law enforcement stocks with an analyst upside potential of 50.43%. The company offers services for processing centers, secure facilities, and community re-entry facilities. It has built a profitable digital surveillance segment focusing on immigrant tracking tools for the government.
On March 25, Noble Capital raised GEO Group, Inc.’s price target to $35, citing significant growth opportunities. Ranked 7th on the list of best prison and law enforcement stocks, GEO shows promise as an investment, but some AI stocks may offer higher returns within a shorter timeframe.