Citi remains positive on Entain PLC (LSE:ENT) ahead of the gaming group’s second-quarter results, keeping its ‘buy’ rating and nudging up its price target to £13.
The bank expects modest revenue growth for the full year and into 2026, with earnings per share also seen ticking higher by just over 2% in both years.
Its analysts say Entain’s fundamentals look robust, with a steady performance expected across its main markets.
The slight uplift in the price target reflects updated forecasts for foreign exchange and the company’s debt profile, rather than any major shift in Citi’s outlook.
Overall, Citi sees Entain, which owns the Ladbrokes bookmaking chain as well as BetMGM, as well placed for continued growth and feels confident in the investment case, with steady results and a supportive valuation underpinning its positive stance.
The shares were flat at 991.59p.