Barclays has adjusted its price target for Caesars Entertainment (CZR, Financial), reducing it from $54 to $44. Despite this reduction, the investment firm continues to maintain an Overweight rating for the stock. This evaluation comes as part of Barclays' first-quarter analysis of the gaming industry.
The report notes that while the overall gaming markets remain largely stable and resilient, an extended economic downturn could impact Las Vegas more significantly than regional and digital gaming sectors. The analyst highlighted that the Macau gaming market appears to have minimized most of its risks compared to other segments.
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 $42.93 with a high estimate of $54.00 and a low estimate of $23.00. The average target implies an upside of 71.73% from the current price of $25.00. 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 $46.66, suggesting a upside of 86.64% from the current price of $25. 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.
