Caesars Entertainment (CZR) Shares Jump on “Buy” Reco

We recently published a list of Investors Are Gobbling Up Shares of These 10 Firms. In this article, we are going to take a look at where Caesars Entertainment, Inc. (NASDAQ:CZR) stands against other top-performing companies on Tuesday.

Caesars Entertainment rallied by 5.7 percent on Tuesday to close at $28.26 apiece as investors cheered bullish outlooks from two investment companies.

In a market note, TD Cowen reaffirmed its “buy” recommendation and $40 price target on Caesars Entertainment, Inc.’s (NASDAQ:CZR) stock, underscoring the company’s robust cash flow and digital potential. The figure represented a 41.5 percent upside from its latest closing price.

Meanwhile, JMP Securities also maintained its “market outperform” rating on Caesars Entertainment, Inc. (NASDAQ:CZR) at a price target of $45, representing a 59-percent premium of its closing price on Tuesday.

Given the continued softening in summer bookings, JMP Securities was confident about Caesars Entertainment, Inc.’s (NASDAQ:CZR) pricing strategy for non-gaming business segments, which has already been successful in the past.

Caesars Entertainment (CZR) Shares Jump on "Buy" Reco

A general view of a luxury resort casino, surrounded by a beautiful landscape and illuminated at night.

Additionally, the convention and group outlook, which has seen a year-to-date increase of 2 percent, is expected to serve as a medium-term catalyst for the company, potentially reaching record levels by 2026.

Caesars Entertainment, Inc. (NASDAQ:CZR) is a hotel and gambling operator that operates more than 50 properties.

Overall, CZR ranks 7th on our list of top-performing companies on Tuesday. While we acknowledge the potential of CZR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.