In a report released today, James Wheatcroft from Jefferies maintained a Buy rating on Entain plc, with a price target of p1,000.00.
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James Wheatcroft has given his Buy rating due to a combination of factors, including confidence that Entain can meet its FY25 EBITDA targets even after a difficult fourth quarter for sports betting in several important regions. He also highlights that, while recent leadership changes and the risk of further UK tax increases create some uncertainty, they have not derailed the company’s underlying operational momentum.
In addition, Wheatcroft points to the strategic value embedded in BetMGM as a separate asset, which he believes remains a significant potential catalyst for shareholders over time. He notes that Entain’s current valuation, at roughly 7.2 times projected 2026 EV/EBITDA, looks undemanding and that his sum-of-the-parts analysis suggests the shares could rise by around 80% to a target price of £10.60, supporting his positive stance on the stock.
According to TipRanks, Wheatcroft is a 4-star analyst with an average return of 4.5% and a 46.15% success rate. Wheatcroft covers the Consumer Cyclical sector, focusing on stocks such as Entain plc, Flutter Entertainment PLC, and TUI AG.
In another report released on February 9, Berenberg Bank also maintained a Buy rating on the stock with a p1,200.00 price target.