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Investing.com - Macquarie maintained its Outperform rating on Caesars Entertainment (NASDAQ:CZR) while lowering its price target to $40.00 from $45.00 on Wednesday. Currently trading at $27.84, the stock sits well below analyst targets ranging from $28 to $62. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value metrics.
The price target reduction follows Caesars’ second-quarter earnings miss, which Macquarie attributed primarily to weakness in Las Vegas operations and one-time headwinds in the company’s Regional segment.
Despite the disappointing quarterly performance in key segments, Macquarie noted that Caesars delivered strong results in its Digital division during the same period.
According to Macquarie’s research note, Caesars management expects its Las Vegas business to show improvement in the fourth quarter and first half of 2026, supported by a strong group calendar.
The $5 reduction in price target reflects adjusted expectations while maintaining a positive long-term outlook, as indicated by the unchanged Outperform rating.
In other recent news, Caesars Entertainment reported its second-quarter earnings for 2025, showing a significant miss in earnings per share (EPS) but a slight beat in revenue. The company posted an EPS of -$0.39, which was well below the forecasted $0.06, resulting in a surprise of -750%. Despite this earnings miss, Caesars managed to exceed revenue expectations, reporting $2.91 billion compared to the anticipated $2.86 billion. Additionally, JMP Securities adjusted its price target for Caesars Entertainment, lowering it from $45.00 to $43.00 while maintaining a Market Outperform rating. This adjustment followed what JMP described as a quarterly miss, though the firm noted that the foundation for free cash flow remains solid. These developments are part of the recent updates concerning the company’s financial performance and analyst evaluations.
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