PointsBet Holdings Ltd. (PBTHF – Research Report) received a Buy rating and a A$1.70 price target from Ord Minnett analyst Phillip Chippindale today. The company’s shares closed yesterday at $0.91.
According to TipRanks, Chippindale is ranked #8181 out of 8334 analysts.
PointsBet Holdings Ltd. has an analyst consensus of Moderate Buy, with a price target consensus of $1.10, which is a 20.88% upside from current levels. In a report released yesterday, Credit Suisse also upgraded the stock to a Buy with a A$1.60 price target.
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PBTHF market cap is currently $299.3M and has a P/E ratio of -1.34.
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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.
