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Investing.com - Citizens analyst firm has reiterated its Market Outperform rating for Caesars Entertainment (NASDAQ:CZR) with a price target of $37.00, representing a potential 100% upside from the current price of $18.44. InvestingPro data shows the stock has already gained an impressive 45.31% over the past six months.
The firm maintained its positive outlook on Caesars amid discussions about the potential impact of betting exchanges on traditional gambling operators. This optimism aligns with InvestingPro analysis, which indicates Caesars appears undervalued compared to its Fair Value and shows a "GREAT" overall financial health score.
Citizens expressed confidence that betting exchanges do not pose a competitive threat to the profitability of existing operators in legal sports betting states, including DraftKings, Flutter, MGM Resorts, Caesars Entertainment, PENN Entertainment, and Rush Street Interactive.
The firm noted that the supposed primary advantage of betting exchanges—better pricing—is "not true for now" in the current market environment.
Citizens further explained that non-price-sensitive players have access to a larger betting menu on traditional betting apps, while price-sensitive customers are not receiving superior pricing for the most liquid sports markets on platforms like Kalshi.
In other recent news, Rush Street Interactive reported its third-quarter earnings for 2025, surpassing analyst expectations. The company achieved earnings per share of $0.09, which was above the projected $0.07, marking a 28.57% surprise. Additionally, revenue exceeded forecasts, coming in at $278 million compared to the anticipated $268.43 million. These results indicate a robust financial performance for the quarter. Despite the positive earnings and revenue results, the company’s stock experienced a decline in aftermarket trading. Analyst reactions to these developments have not been detailed, but the earnings surprise may influence future evaluations. Investors will likely keep a close eye on further updates from Rush Street Interactive. These recent developments highlight the company’s ability to outperform expectations.
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