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Is It Too Late To Consider Buying Caesars Entertainment Corporation (NASDAQ:CZR)?

Caesars Entertainment Corporation (NASDAQ:CZR), which is in the hospitality business, and is based in United States, saw a double-digit share price rise of over 10% in the past couple of months on the NASDAQGS. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. But what if there is still an opportunity to buy? Today I will analyse the most recent data on Caesars Entertainment’s outlook and valuation to see if the opportunity still exists.

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View our latest analysis for Caesars Entertainment

Is Caesars Entertainment still cheap?

Great news for investors – Caesars Entertainment is still trading at a fairly cheap price. According to my valuation, the intrinsic value for the stock is $12.1, but it is currently trading at US$9.18 on the share market, meaning that there is still an opportunity to buy now. However, given that Caesars Entertainment’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.

Can we expect growth from Caesars Entertainment?

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