The Caesars Entertainment Corp (CZR) share price is expected to increase by 44.81% over the next year. This is based on calculating the average 12-month share price estimate provided by 17 stock analysts who have covered CZR. Price targets range from $35 at the low end to $66 at the high end. The current analyst consensus for CZR is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 17 Wall Street analysts have assigned CZR 13 buy ratings, 3 hold ratings, and 1 sell ratings. This means that analysts expect Caesars Entertainment Corp to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on CZR. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of CZR.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Jordan Bender JMP Securities | Market Outperform | $57 | Maintains | Nov 25, 2024 |
Joseph Greff JP Morgan | Overweight | $58 | Maintains | Oct 30, 2024 |
Chad Beynon Macquarie | Outperform | $50 | Maintains | Oct 30, 2024 |
Brandt Montour Barclays | Overweight | $57 | Maintains | Oct 30, 2024 |
Daniel Politzer Wells Fargo | Overweight | $53 | Maintains | Oct 30, 2024 |
Stephen Grambling Morgan Stanley | Equal-Weight | $42 | Maintains | Oct 22, 2024 |
Daniel Politzer Wells Fargo | Overweight | $58 | Maintains | Oct 17, 2024 |
Brandt Montour Barclays | Overweight | $59 | Maintains | Oct 17, 2024 |
Jordan Bender JMP Securities | Market Outperform | $59 | Reiterates | Oct 14, 2024 |
Steven Wieczynski Stifel | Buy | $58 | Maintains | Oct 9, 2024 |
Stephen Grambling Morgan Stanley | Equal-Weight | $40 | Maintains | Sep 4, 2024 |
Jordan Bender JMP Securities | Market Outperform | $59 | Maintains | Aug 22, 2024 |
Steven Wieczynski Stifel | Buy | $56 | Maintains | Jul 31, 2024 |
Daniel Politzer Wells Fargo | Overweight | $56 | Maintains | Jul 31, 2024 |
Joseph Stauff Susquehanna | Negative | $33 | Maintains | Jul 31, 2024 |
David Katz Jefferies | Buy | $60 | Maintains | Jul 31, 2024 |
Jordan Bender JMP Securities | Market Outperform | $58 | Maintains | Jul 17, 2024 |
Daniel Politzer Wells Fargo | Overweight | $53 | Maintains | Jul 16, 2024 |
Joseph Stauff Susquehanna | Negative | $33 | Downgrade | Jul 15, 2024 |
Stephen Grambling Morgan Stanley | Equal-Weight | $41 | Maintains | Jul 12, 2024 |
When did it IPO
2012
Staff Count
51,000
Country
United States
Sector/Industry
Consumer Cyclical/Resorts & Casinos
CEO
Mr. Thomas Robert Reeg CFA
Market Cap
$7.99B
In 2023, CZR generated $11.53B in revenue, which was a increase of 6.53% from the previous year. This can be seen as a signal that CZR's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Lisa Vanderpump opened her new restaurant and cocktail bar, Pinky's by Vanderpump, at Flamingo Las Vegas, celebrating with notable guests and promoting her latest show, โVanderpump Villa.โ
Why It Matters - The grand opening of Pinky's by Vanderpump could signal increased tourism and foot traffic in Las Vegas, potentially boosting local businesses and hospitality sector revenue.
Summary - Caesars Entertainment is seeking a recapitalization to manage $11.7 billion in debt, with JPMorgan projecting a 58% price target upside due to its strong asset base and rewards database.
Why It Matters - Caesars' need for recapitalization signals financial stress, but JPMorgan's bullish outlook and strong asset backing suggest potential for recovery, making CZR a noteworthy investment opportunity.
Summary - Chef Dominique Ansel will open his second venue, Dominique Ansel Marchรฉ, at Paris Las Vegas on Dec. 6. The first 50 guests will receive a commemorative gift.
Why It Matters - The opening of Dominique Ansel Marchรฉ enhances Paris Las Vegas's appeal, potentially boosting foot traffic and revenue, which can positively impact Caesars Entertainment's stock performance.
Summary - Caesars Virginia will open on December 12, 2024, featuring a 587,000 sq. ft. casino resort with over 90,000 sq. ft. of gaming space, including 1,500 slots and 79 table games.
Why It Matters - The opening of Caesars Virginia in December 2024 signals potential revenue growth and increased market share for Caesars Entertainment, impacting stock performance and investor sentiment positively.
Summary - Caesars Entertainment Inc (NASDAQ:CZR) shares fell 9.2% to $41.13 after reporting Q3 losses of 4 cents per share, missing analysts' expectations of 12 cents profit.
Why It Matters - Caesars Entertainment's unexpected loss and significant stock drop indicate weaker-than-expected performance, potentially leading to decreased investor confidence and market volatility.
Summary - Caesars Entertainment, Inc. (NASDAQ:CZR) will hold its Q3 2024 Earnings Conference Call on October 29, 2024, at 5:00 PM ET, featuring key executives and analysts from major financial institutions.
Why It Matters - Caesars Entertainment's Q3 earnings call will provide insights into financial performance and strategies, influencing stock valuation and investor sentiment. Key analysts' participation may signal market interest.