
Caesars Entertainment (CZR) Stock Forecast & Price Target
Caesars Entertainment (CZR) Analyst Ratings
Bulls say
Caesars Entertainment experienced a year-over-year revenue growth of 6% in regional markets, along with an EBITDA of $517 million, which exceeded both management and street estimates, indicating strong operational performance. The company has focused on improving marketing efficiencies, which is expected to lead to enhanced margins in the upcoming quarters. Additionally, Caesars' iGaming segment demonstrated impressive growth, posting a 29% increase in online casino net revenue and benefiting from increased daily active users, further solidifying a positive outlook for the company's future financial trajectory.
Bears say
Caesars Entertainment's financial outlook is challenged by declining performance across both its regional and digital segments, with a notable 50% decline in EBITDA from the online gaming business and a 2% year-over-year decline in adjusted EBITDA for regional operations. Additionally, the Las Vegas Strip faced a downturn in demand, evidenced by a 5% decrease in occupancy and a 6% drop in average daily rate, indicating weaker market-wide performance during the typically strong summer months. The company's financial strain is further exacerbated by poor hold affecting gaming revenues, contributing to significant EBITDA impacts, alongside increased player acquisition costs and elevated state taxes.
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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