Caesars Entertainment

CZR · NASDAQ

$29.09+$0.05 (+0.17%)TodayMarket closed · Oct 20, 4:23 PM ET

Prev close $29.04

CZR analyst rating

HoldConsensus of 15 analysts over the last 12 months. 7% rate it a buy.

Strong buy0
Buy1
Hold14
Underperform0
Sell0

12-month price target · 19 analysts

Average $31.90 (+9.6% upside)

Low: $26.26
Now: $29.09
High: $38.15

Upgrades and downgrades

The latest rating actions, newest first

CZR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
TD Cowen	Jul 29, 2026	Downgrade	Buy → Hold	$31.00	55%
Macquarie	Jul 29, 2026	Maintains	Neutral	$31.00	40%
Barclays	Jul 9, 2026	Downgrade	Overweight → Equal-Weight	$35.00 → $31.00	46%
Stifel	Jun 15, 2026	Downgrade	Buy → Hold	$31.00	53%
Wells Fargo	Jun 2, 2026	Maintains	Equal-Weight	$26.00 → $31.00	33%
Macquarie	Jun 1, 2026	Downgrade	Outperform → Neutral	$35.00 → $31.00	40%
Deutsche Bank	Jun 1, 2026	Downgrade	Buy → Hold	$35.00 → $31.00	59%
CBRE	May 29, 2026	Downgrade	Buy → Hold	$31.00	36%
Truist Securities	May 29, 2026	Downgrade	Buy → Hold	$32.00 → $31.00	39%
Susquehanna	May 29, 2026	Downgrade	Positive → Neutral	$34.00 → $31.00	50%

The case for and against

Updated Oct 14, 2026

Bull case

Caesars Entertainment is attractive because its stand-alone portfolio spans about 50 domestic gaming properties, with Las Vegas contributing 48% of 2025 EBITDAR and regional markets 49%, giving it a balanced earnings base across premium and local demand. Its scale broadened with the 2020 Eldorado acquisition, and the proposed purchase by Fertitta Entertainment and Golden Nugget resorts could lift the portfolio to more than 60 casinos while extending customer access through Caesars, Harrah’s, Tropicana, Bally’s, Isle, Flamingo, and William Hill across betting and digital channels. The company’s managed properties and digital assets already produced marginal EBITDA in 2025, and a larger combined loyalty footprint and diversified resort mix should support share gains, cross-selling, and more resilient cash generation.

Bear case

Caesars Entertainment is viewed negatively because its asset base is heavily concentrated in mature Las Vegas and regional gaming markets, which together account for 97% of 2025 EBITDAR and limit diversification despite roughly 50 domestic properties. Profitability is the weakest style exposure, suggesting the company is not efficiently converting its investment base into earnings, while managed properties and digital assets contributed only marginal EBITDA in 2025. Although the stock shows strong Growth characteristics and the portfolio may expand to more than 60 casinos through the proposed Fertitta Entertainment and Golden Nugget acquisition, the reliance on cyclical gaming demand, modest digital contribution, and integration complexity support a cautious fundamental outlook.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.