Caesars Entertainment (CZR) PT Raised to $95 at Goldman Sachs

Goldman Sachs analyst Stephen Grambling raised the price target on Caesars Entertainment (NASDAQ: CZR) to $95.00 (from $92.00) while maintaining a Neutral rating.

Grambling said they expect a combination of favorable legislation and consumer adoption to drive growth in U.S. online sports betting and internet gambling (i-Gaming) from $900mn/$1.5bn markets today to $39bn/$14bn in 2033, equating to 40%/27% CAGRs for over a decade.

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