
Caesars Entertainment (CZR) Stock Forecast & Price Target
Caesars Entertainment (CZR) Analyst Ratings
Bulls say
Caesars Entertainment has demonstrated resilience and growth, with regional net revenue increasing by 6% year-over-year, complemented by a solid EBITDA of $517 million, which exceeded expectations. The company has also achieved a notable 29% year-over-year revenue increase in its iGaming segment, highlighting its ability to capitalize on digital gaming trends. Additionally, management is focused on enhancing marketing efficiency, which is expected to lead to improved margins and continued strong performance in both traditional and online gaming markets in the coming quarters.
Bears say
Caesars Entertainment experienced a decline in adjusted EBITDA in its regional segment, with margins decreasing by 150 basis points year-over-year, influenced by poor hold and reduced gaming revenues. The digital segment suffered significantly, reporting nearly a 50% drop in EBITDA from the online gaming business due to various challenges. Additionally, the Las Vegas market showed signs of weakness, with occupancy and average daily rates down 5% and 6% year-over-year, respectively, attributed to seasonal factors and a lackluster events calendar.
This aggregate rating is based on analysts' research of Caesars Entertainment and is not a guaranteed prediction by Public.com or investment advice.
Caesars Entertainment (CZR) Analyst Forecast & Price Prediction
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