James Wheatcroft, an analyst from Jefferies, maintained the Buy rating on Entain plc (ENT – Research Report). The associated price target remains the same with p1,140.00.
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James Wheatcroft’s rating is based on various positive indicators for Entain plc’s stock potential. He acknowledges a favorable trajectory for the company’s growth, with current estimates and valuation multiples showing promise. The recent financial results, confirmed at the higher end of expectations, provide confidence in the fiscal year 2025 consensus.
Additionally, the company’s new leadership is expected to outline a compelling medium-term strategy, further enhancing investor optimism. Wheatcroft also notes the potential for the BetMGM segment to benefit from expansion as more US states consider legalizing iGaming, which is currently not reflected in the stock valuation. This combination of factors underpins his Buy rating for Entain plc.
According to TipRanks, Wheatcroft is a 4-star analyst with an average return of 6.8% and a 49.79% success rate.
In another report released on February 5, Citi also maintained a Buy rating on the stock with a £10.50 price target.