PointsBet Holdings Ltd. (PBTHF) Receives a Hold from Credit Suisse

In a report released today, Larry Gandler from Credit Suisse maintained a Hold rating on PointsBet Holdings Ltd. (PBTHFResearch Report), with a price target of A$2.15. The company’s shares closed yesterday at $1.35.

Gandler covers the Services sector, focusing on stocks such as Star Entertainment Group Limited, Aristocrat Leisure Limited, and Tabcorp Holdings Limited. According to TipRanks, Gandler has an average return of -1.2% and a 45.71% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PointsBet Holdings Ltd. with a $1.97 average price target, which is a 45.93% upside from current levels. In a report released yesterday, Ord Minnett also maintained a Hold rating on the stock with a A$2.20 price target.

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PBTHF market cap is currently $396.2M and has a P/E ratio of -1.75.

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Pointsbet Holdings Ltd is an online bookmaker offering all traditional fixed odds markets including sports, racing and other spread betting where winnings or losses aren’t fixed but depend on how correct bet is. It offers more markets on NBA, AFL, and NRL than any other bookmaker in the world. Its reportable segments consist of: Australian Trading; Technology; and the United States. Majority of the firm’s revenue is derived from Australian trading segment which includes revenue from sports and race betting services provided to Australian customers.

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