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David Tomick, a director at Caesars Entertainment, Inc. (NASDAQ:CZR), recently acquired 1,850 shares of the company’s common stock. The timing is notable as the stock has declined nearly 12% in the past week and trades near its 52-week low of $29.27. According to InvestingPro analysis, the stock appears undervalued at current levels. The purchase, which took place on March 3, 2025, was executed at a price of $33.36 per share, amounting to a total transaction value of $61,716. Following this acquisition, Tomick directly owns a total of 37,392 shares. Additionally, he holds 5,800 shares indirectly through a trust. This transaction reflects Tomick’s ongoing investment in the $6.54B market cap company, aligning with his role as a director. Analyst targets range from $30 to $62 per share, with InvestingPro offering 11 additional key insights about CZR’s financial health and growth prospects through its comprehensive Pro Research Report.
In other recent news, Caesars Entertainment reported its fourth-quarter 2024 earnings, showcasing a notable earnings per share (EPS) of $0.05, which significantly surpassed analyst expectations of $0.01. However, the company faced a revenue shortfall, reporting $2.8 billion against a forecast of $2.89 billion. CFRA analyst Zachary Warring upgraded Caesars Entertainment’s stock rating from Sell to Hold and increased the price target to $39.00, reflecting expectations of steady trading and potential debt reduction benefits. Meanwhile, Stifel analysts maintained a Buy rating with a $51.00 price target, highlighting Caesars’ growth potential and leverage reduction as key factors.
TD Cowen also maintained a Buy rating with a $48.00 price target, emphasizing the potential value creation through strategic options for Caesars’ Digital segment. Despite some mixed results across different segments, JMP analysts kept a Market Outperform rating with a $53.00 price target, noting Caesars’ strong positioning in Las Vegas and signs of stabilization in regional markets. Analysts across the board have expressed confidence in Caesars’ strategic initiatives, particularly in enhancing its digital presence and optimizing its financial profile. These developments reflect a cautiously optimistic outlook for the company, as it continues to navigate its operational landscape.
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