Multiple Analysts Lower Caesars Entertainment Price Targets Amid Market Reassessment

Multiple financial analysts have recently lowered their price targets for Caesars Entertainment (CZR) while maintaining positive ratings such as 'Outperform' and 'Buy,' reflecting a cautious but optimistic outlook on the company's market performance. Macquarie reduced its price target from $40 to $33, representing a 17.5% cut, yet kept an 'Outperform' rating. Similarly, Citizens analyst Jordan Bender adjusted the target down to $37, Truist Securities lowered theirs to $30 following a Q3 EBITDA miss attributed to Las Vegas summer weakness, and Stifel decreased their target to $43 while retaining a 'Buy' rating. Despite these downward revisions, the consensus among analysts indicates sustained confidence in Caesars' portfolio, which includes approximately 50 domestic gaming properties and digital assets that contributed marginally to EBITDA in 2024. The average price target across 18 analysts is about $40.18, suggesting a significant upside from the current stock price near $18.73. These assessments underscore cautious optimism amid recent operational challenges and market conditions.