Rothschild & Co Redburn analyst Andrew Tam lowered the firm’s price target on Entain (GMVHF) to 960 GBp from 1,000 GBp and keeps a Buy rating on the shares. The firm cut estimates in the gambling space, saying Q4 state data suggests operators will see a revenue miss. It expects a moderation in revenue growth in 2026, but says the World Cup should underpin online sports betting growth. The year-to-date share selloffs “appear to more than price in the slowing growth and, with US divisions priced on at-maturity valuations,” the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GMVHF:
- Entain downgraded to Add from Buy at Peel Hunt
- Bragg Gaming extends player account management agreement with Entain
- Entain Reports Internal Share Rebalancing by Eminence Capital With No Change in Overall Stake
- Positive Outlook for Entain plc Despite CFO Transition: Buy Rating Justified
- Entain CFO Rob Wood to step down, Michael Snape to succeed