15 Best Stocks to Invest in for an 18 Year Old

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12. Caesars Entertainment, Inc. (NASDAQ:CZR)

Number of Hedge Fund Holder: 63

Caesars Entertainment, Inc. (NASDAQ:CZR) is one of the 15 best stocks to invest in for an 18 year old. Caesars Entertainment, Inc. (NASDAQ:CZR) retained its Buy alongside a $40 price target on June 10 per TD Cowen analysts, who noted the company’s strong cash flow and digital prospects.

According to TD Cowen’s report, analysts believe the company’s omni-channel gaming platform, which boasts a database of over 55 million members, offers significant growth prospects, adding that the stock is relatively undervalued.

TD Cowen analysts noted that Caesars’ traditional gaming activities continue to be the company’s main source of revenue. However, they pointed out that the Caesars Rewards loyalty program helped the company create additional revenue streams through hotel, food and beverage, and entertainment. They also highlighted the significance of Caesars Entertainment’s growth in its digital business and the possibility of improving the balance sheet by generating revenue off of digital assets.

Caesars Entertainment, Inc. (NASDAQ:CZR) is a gaming and hospitality company that runs gaming properties under the Caesars, Harrah’s, Horseshoe, and Eldorado brand names.

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