Tabcorp, PointsBet Can Gain as Wagering Outlook Brightens -- Market Talk

Dow Jones

01-20

2228 GMT - Jefferies sees steeper share-price gains for both wagering company Tabcorp after calling a bottom in the racing market. In a note, analyst Kai Erman says racing revenue likely reached a floor in 4Q of 2024. "This is an important catalyst for Tabcorp, and one of the main overhangs on earnings over the past 12-18 months," Jefferies says. The bank is also positive on PointsBet, partly because of its appeal as a takeover target. Jefferies expects PointsBet to report Ebitda of A$18 million in FY 2025, beating A$11 million-A$16 million guidance. Its price target on Tabcorp rises 26% to A$0.73/share, while its target for PointsBet lifts 29% to A$1.10/share. Tabcorp and PointsBet ended last week at A$0.64 and A$0.93, respectively. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

January 19, 2025 17:28 ET (22:28 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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In a note, analyst Kai Erman says racing revenue likely reached a floor in 4Q of 2024. \"This is an important catalyst for Tabcorp, and one of the main overhangs on earnings over the past 12-18 months,\" Jefferies says. The bank is also positive on PointsBet, partly because of its appeal as a takeover target. Jefferies expects PointsBet to report Ebitda of A$18 million in FY 2025, beating A$11 million-A$16 million guidance. Its price target on Tabcorp rises 26% to A$0.73/share, while its target for PointsBet lifts 29% to A$1.10/share. Tabcorp and PointsBet ended last week at A$0.64 and A$0.93, respectively. 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In a note, analyst Kai Erman says racing revenue likely reached a floor in 4Q of 2024. \"This is an important catalyst for Tabcorp, and one of the main overhangs on earnings over the past 12-18 months,\" Jefferies says. The bank is also positive on PointsBet, partly because of its appeal as a takeover target. Jefferies expects PointsBet to report Ebitda of A$18 million in FY 2025, beating A$11 million-A$16 million guidance. Its price target on Tabcorp rises 26% to A$0.73/share, while its target for PointsBet lifts 29% to A$1.10/share. Tabcorp and PointsBet ended last week at A$0.64 and A$0.93, respectively. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 19, 2025 17:28 ET (22:28 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PBH.AU","symbol_name":"POINTSBET HOLDINGS LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2504941892","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504941892","pubTimestamp":1737325680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2228 GMT - Jefferies sees steeper share-price gains for both wagering company Tabcorp after calling a bottom in the racing market. In a note, analyst Kai Erman says racing revenue likely reached a floor in 4Q of 2024. \"This is an important catalyst for Tabcorp, and one of the main overhangs on earnings over the past 12-18 months,\" Jefferies says. The bank is also positive on PointsBet, partly because of its appeal as a takeover target. Jefferies expects PointsBet to report Ebitda of A$18 million in FY 2025, beating A$11 million-A$16 million guidance. Its price target on Tabcorp rises 26% to A$0.73/share, while its target for PointsBet lifts 29% to A$1.10/share. Tabcorp and PointsBet ended last week at A$0.64 and A$0.93, respectively. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PBH.AU":"POINTSBET HOLDINGS LTD","BK7078":"赌场与赌博","TAH.AU":"TABCORP HOLDINGS LTD"},"translate_title":"随着博彩前景好转，Tabcorp和PointsBet可能会上涨——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PBH.AU":0.9,"TAH.AU":0.9},"content_text":"2228 GMT - Jefferies sees steeper share-price gains for both wagering company Tabcorp after calling a bottom in the racing market. In a note, analyst Kai Erman says racing revenue likely reached a floor in 4Q of 2024. \"This is an important catalyst for Tabcorp, and one of the main overhangs on earnings over the past 12-18 months,\" Jefferies says. The bank is also positive on PointsBet, partly because of its appeal as a takeover target. Jefferies expects PointsBet to report Ebitda of A$18 million in FY 2025, beating A$11 million-A$16 million guidance. Its price target on Tabcorp rises 26% to A$0.73/share, while its target for PointsBet lifts 29% to A$1.10/share. Tabcorp and PointsBet ended last week at A$0.64 and A$0.93, respectively. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 19, 2025 17:28 ET (22:28 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}