Citizens JMP analyst Jordan Bender has revised the price target for Caesars Entertainment (CZR, Financial), reducing it from $53 to $45. Despite maintaining an Outperform rating on the stock, Bender highlights a cautious outlook for the company. The decision comes amidst a broader strategy to lower estimates and price targets across the casino sector due to market uncertainties.
While the performance fundamentals for brick-and-mortar casinos remain stable, the adjustment reflects a prudent approach in the face of potential industry challenges. Investors are advised to consider these revisions as a reflection of current market conditions, even as the firm's confidence in Caesars' long-term potential remains unchanged.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for Caesars Entertainment Inc (CZR, Financial) is $44.13 with a high estimate of $54.00 and a low estimate of $23.00. The average target implies an upside of 78.32% from the current price of $24.75. More detailed estimate data can be found on the Caesars Entertainment Inc (CZR) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Caesars Entertainment Inc's (CZR, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Caesars Entertainment Inc (CZR, Financial) in one year is $46.85, suggesting a upside of 89.29% from the current price of $24.75. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Caesars Entertainment Inc (CZR) Summary page.
