Latest news with #JMPSecurities
Yahoo
2 days ago
- Business
- Yahoo
Caesars Entertainment (CZR) Shares Jump on 'Buy' Reco
We recently published a list of . 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. 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. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
JMP Maintains Bullish View on Caesars Entertainment (CZR) Despite Q2 Headwinds
Analysts at JMP Securities remain optimistic about Caesars Entertainment, Inc. (NASDAQ:CZR), restating their Market Outperform rating and $45 price target for the company on May 27. As Caesars Entertainment enters the second quarter, analysts have pointed out that the company has not faced any major macroeconomic obstacles that would have impacted its performance. The company's regional operations, which contribute around 45% of its projected 2025 EBITDAR, support the upbeat sentiment stated during the first quarter's results. With trailing three-month gaming revenue up 27% from the prior year, the New Orleans market remains a notable boost. However, complications like the Harveys Lake Tahoe renovations and the flooding at Harrah's Metropolis, which caused a 45% drop in April, are anticipated to cause issues for the quarter. That said, Caesars Entertainment, Inc. (NASDAQ:CZR) appears to have a promising future, based on recent online trends. After declining 7% in the first quarter of 2025 and 15% in the fourth quarter of 2024, the company's handle has increased somewhat this quarter, indicating that Caesars is effectively utilizing its clientele to boost profitability. While we acknowledge the potential of CZR to grow, 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 AI stock that is more promising than CZR and that has 100x upside potential, check out our report about the cheapest AI stock. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
02-05-2025
- Business
- Business Insider
JMP Securities Sticks to Their Buy Rating for Amazon (AMZN)
In a report released yesterday, Nicholas Jones CFA from JMP Securities maintained a Buy rating on Amazon (AMZN – Research Report), with a price target of $240.00. The company's shares closed yesterday at $190.20. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Jones CFA covers the Consumer Cyclical sector, focusing on stocks such as Amazon, Carvana Co, and ACV Auctions. According to TipRanks, Jones CFA has an average return of 22.5% and a 50.00% success rate on recommended stocks. Currently, the analyst consensus on Amazon is a Strong Buy with an average price target of $245.33, a 28.99% upside from current levels. In a report released yesterday, Benchmark Co. also maintained a Buy rating on the stock with a $260.00 price target.
Associated Press
03-03-2025
- Business
- Associated Press
The Future Of Sports Betting? Sportradar Technology Fuels Multi-Billion Dollar In-Play Industry
To learn more about how Sportradar is working to revolutionize the sports betting game, click here. NEWMEDIAWIRE) - Imagine that for every stock, bond or commodity you bought, you could only ever trade futures. The only way you could profit from that investment would be to let the contract run to expiration. But you could equally be forced to take a loss, while also missing out on any unrealized profit you might have made along the way. Financial markets have evolved instruments that overcome this problem. So, too, have the sports betting markets, with the difference between pre-game (or antepost) betting and in-play (or live) betting. And they needed to – because unlike with a futures contract, for a pre-game-only bet, when the game finishes and you have picked the wrong outcome, your loss is total – always. With in-play betting, you can close (or 'cash out') a winning position to take profits before the game is done or as a stop loss for a loser. This explains why in-play betting is so much more popular than pre-game in mature markets. JMP Securities analysts Jordan Bender and Eric Ross say only about 30% to 40% of betting turnover in the U.S. is from in-play betting, versus perhaps double that in Europe. They anticipate compound annual growth of 25% for in-play markets this decade as a base case. This suggests that, just as new financial-market innovations have raised trading volumes and market participation, so too could closing the pre-game/in-play gap introduce enormous amounts of liquidity to the U.S. betting market. This constitutes a major profit opportunity for U.S.-focused sportsbook operators and the value chain that serves them. And part of the vanguard leading that effort is the global B2B sports technology company Sportradar Group (NASDAQ: SRAD). The company reports it has exclusive access to colossal amounts of data from its long-term partnerships with major sports leagues and federations around the world such as the NBA, the WNBA and NBA G League, ATP tennis, the NHL, MLB, NASCAR and the Bundesliga and UEFA. The data, the company says, fuel the technology it has developed that sits behind odds-setting, risk management, marketing and trading services for almost the entire betting industry. These services are utilized by its hundreds of betting-operator clients, including online giants DraftKings, Bet365 and Flutter – the parent company of FanDuel. Through Sportradar's technological innovation, the in-play betting volumes sportsbooks handle are growing. Its ATP offering is one example that underscores how this is being achieved. Sportradar delivers 1,500 betting opportunities across every ATP tennis match, creating minute-by-minute markets that are then offered to bettors by operators all over the world. This type of in-play betting maximizes the engagement touchpoints fans have available to them while watching events. The real-time betting interactions of in-play micro-markets naturally enhance fans' engagement with the games they are watching. Also launched for the NBA in 2024, Sportradar is this year expanding its micro-market model in the U.S. through soccer, baseball and ice hockey. And adoption of these in-play products is expanded by delivery mechanisms that are again Sportradar innovations. Its emBET product integrates betting content and functionality directly into NBA League Pass, the NBA's OTT service – giving fans in jurisdictions where sports betting is legal the opportunity to bet from directly within the game stream. Stephen Shapiro, sports and entertainment management professor at the University of South Carolina, has said: 'From a sports business perspective, leagues love [betting]. A sports fan is going to consume more sport if they are gambling. And they are going to care about more teams and players than if they were not.' But it is not only the betting operators, the leagues and the federations that profit from a new proliferation of in-play betting activity. All markets require information to be efficient, and the betting markets are no different in that regard. Which is why the media also stands to potentially benefit from Sportradar products like Radar360, which powered FOX Sports' broadcast of Super Bowl LIX. Its integration of real-time data and advanced analytics again delivers insights directly into the broadcast, allowing fans to dispense with their second screen. Another product, 4Sight streaming, uses computer vision, artificial intelligence and machine learning to analyse live video at up to 120 frames per second. The data are then incorporated in real time into dynamic, 3D-animated overlays of visual datapoints to augment the viewing experience and inform betting decisions. It can also help build audiences by pushing automated highlight clips during live matches. And just as Sportradar helps make leagues' platforms and media outlets the conduits to betting markets, it also makes broadcasters of the sportsbook operators. By hosting sports content that might otherwise not have had a TV audience, Sportradar is expanding the reach of those new and niche sports and leagues. Sportradar reports its Live Channel Online features are generating over 200 million views per month for its partners from more than 400,000 events it broadcasts live every year in 17 different sports. This combination of attracting new audiences and engaging existing fans more deeply helps ensure their attention is held for extended dwell time, building their brand loyalty with the league. This, in turn, raises the revenues of sportsbooks, many of which are powered by Sportradar's own white-label Managed Trading Services. The company reports that this platform is the engine under the hood for hundreds of bookmakers globally, providing the advanced sportsbook services that keep them going and handling around €35bn in turnover in the twelve months leading up to the end of the third quarter of 2024. So, plainly, what is good for the sports ecosystem is also good for Sportradar's own revenues. According to Cornell University, 'gambling markets represent a simplified form of financial markets.' If that is true, then an investment in Sportradar is an opportunity to purchase a stake in a chunk of the trading revenue, the risk management, the broadcasting content, the marketing and the future technological innovation in and around sports' financial markets. All at a time when the company anticipates that liquidity in the system is about to explode.
Yahoo
07-02-2025
- Business
- Yahoo
Buy Cloudflare Or Sell? Analysts Vary Over Sales Acceleration And Business Momentum
Wall Street analysts rerated Cloudflare, Inc (NYSE:NET) after the company released its fourth-quarterly print Thursday. Cloudflare reported EPS of 19 cents, which beat the analyst estimate of 18 cents. Quarterly revenue was $459.9 million (up from $362.47 million a year ago), which beat the consensus estimate of $452.09 million. Cloudflare expects first-quarter adjusted EPS of 16 cents and revenue of $468 million-$469 million. Also Read: JMP Securities analyst Trevor Walsh maintained Cloudflare with a Market Outperform and raised the price target from $135 to $180. Guggenheim analyst John Difucci reiterated Cloudflare with a Sell and raised the price target from $57 to $68. Needham analyst Mike Cikos maintained Cloudflare with a Buy and raised the price target from $160 to $185. JMP Securities: Walsh always viewed Cloudflare somewhat differently in the context of his broader cybersecurity coverage, given its platform vision, distinctive architecture, and developer-minded product capabilities. In support of this view, the company's emerging story around AI opportunities is equally singular, and the analyst noted that it should offer longer-term tailwinds for the stock. Co-founder and CEO Matthew Prince identified four opportunities where Cloudflare could capitalize on AI, including internal efficiency gains using AI systems, performance, and security products to become 'smarter for customers' with AI, Cloudflare Workers as the 'killer application for AI inferences and agentic workflows and serving as the intermediary between AI companies and content creators/providers. Given these opportunities, Walsh noted Cloudflare as the most diversified player within his coverage to take advantage of AI momentum. Furthermore, the adaptability of the platform and its agnostic position within the cloud ecosystem also makes Cloudflare relatively resistant to AI system shocks, such as the recent DeepSeek R1 launch. Also Read: Guggenheim: Difucci noted Cloudflare has a strong, visionary leader and has bolstered the leadership team. Also, the fourth-quarter results were better than the consensus numbers. However, New ARR growth was lower than our Plausible Scenario, and business momentum moderated (as measured by a 2-year stack of New ARR growth) from the third quarter. The first-quarter guidance was below the Street; while 2025 revenue guidance was 60 bps ($12 million) above the consensus estimate of $2.081 billion, operating profit and EPS were below. Finally, management acknowledged that gradually improved business momentum throughout 2025 was required to hit annual revenue numbers. If Difucci's assessment of the general IT spending environment holds at what has been referred to as a new normal (of modest growth), that means that the majority of Cloudflare business momentum improvement would have to come almost entirely from company-specific drivers – more salespeople, better sales productivity, the enterprise-hardening of some products to adapt the more stringent requirements of that demanding cohort. Again, the leadership team now seems to be in place. Needham: Cloudflare reported an impressive quarter, with a striking volume and caliber of customers, presenting investors with additional data that the go-to-market turnaround is taking hold. The company added a record number of paying customers, and annual growth accelerated for the fourth consecutive quarter. Greater than 50% of Cloudflare's $1 million-plus new logos in calendar 2024 were added during the December quarter. Sales rep productivity increased by a double-digit percentage for the fifth consecutive quarter, and management noted that ramped rep capacity would likely inflect meaningfully higher in the second quarter of 2025. Furthermore, Pool of Funds deals should drive more significant revenue in the second half of 2025, leading to more substantial seasonal weighting in the back half of the year. Price Action: NET stock is up 19.7% at $169.35 at last check Friday. Also Read:Photo via T. Schneider/ Date Firm Action From To Feb 2022 Morgan Stanley Maintains Equal-Weight Feb 2022 Mizuho Maintains Neutral Feb 2022 Keybanc Maintains Overweight View More Analyst Ratings for NET View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Buy Cloudflare Or Sell? Analysts Vary Over Sales Acceleration And Business Momentum originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
