James Wheatcroft, an analyst from Jefferies, maintained the Buy rating on Playtech. The associated price target remains the same with p395.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
James Wheatcroft has given his Buy rating due to a combination of factors that highlight Playtech’s strong financial performance and potential for growth. The company has demonstrated ongoing momentum, with a notable 68% increase in revenues from the US and Canada in the first half of 2025. This growth is expected to continue, leading to a 5-7% rise in consensus EBITDA expectations for FY25, despite challenges in Colombia and Brazil.
Additionally, Playtech’s financial position is robust, with €77 million in net cash, which could lead to potential cash returns. The company’s valuation remains attractive, with a low EV/EBITDA multiple of 7.2x for FY26. Furthermore, Playtech’s strategic investments in its customers add significant value, estimated at 308p per share. These factors collectively support the Buy rating, indicating confidence in Playtech’s ability to deliver shareholder value.
According to TipRanks, Wheatcroft is a 4-star analyst with an average return of 9.1% and a 51.03% success rate. Wheatcroft covers the Consumer Cyclical sector, focusing on stocks such as Entain plc, Inchcape, and Flutter Entertainment PLC.
In another report released on September 4, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a p437.00 price target.