Cirsa Enterprises, S.A.U., the Services sector company, was revisited by a Wall Street analyst today. Analyst James Wheatcroft from Jefferies maintained a Buy rating on the stock and has a €20.00 price target.
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James Wheatcroft has given his Buy rating due to a combination of factors that highlight Cirsa Enterprises, S.A.U.’s strong performance and potential for future growth. The company has shown consistent underlying momentum, with a slight increase in revenue and EBITDA guidance for FY25. Despite recent weak share price performance, the company’s confident full-year guidance and low valuation present an attractive opportunity for investors.
Key drivers for the Buy rating include Cirsa’s unique and fully regulated gaming platform, a proven track record of 69 consecutive quarters of EBITDA growth, and a strong management team with a successful history in mergers and acquisitions. Additionally, there is potential for accelerated growth through increased M&A activity, and the current valuation only accounts for mid-single-digit growth, which is conservative compared to Jefferies’ higher growth estimates. These factors contribute to the positive outlook and Buy recommendation for Cirsa’s stock.
In another report released on November 20, Barclays also maintained a Buy rating on the stock with a €20.00 price target.