Jefferies analyst James Wheatcroft has maintained their bullish stance on ENT stock, giving a Buy rating on February 24.
James Wheatcroft has given his Buy rating due to a combination of factors including the strong financial performance and future outlook of Entain plc. The company’s recent updates have shown in-line results for FY24 and have provided reassurance regarding the FY25 EBITDA expectations. Additionally, Entain’s robust exit from the fourth quarter and positive trajectory into FY25 further support this optimistic outlook.
Moreover, the company’s valuation appears attractive, especially after a period of downgrades, and there is renewed confidence in its financial projections. Despite changes in leadership, the interim CEO role assumed by Stella David provides stability, and no major strategic shifts are anticipated. The company’s trading metrics, such as the EV/EBITDA ratio for FY25 and the potential upside indicated by the sum-of-the-parts valuation, also contribute to the positive rating.
In another report released on February 24, Citi also maintained a Buy rating on the stock with a £11.00 price target.