CDRO Should I Buy
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Codere Online Luxembourg SA (CDRO) is not a strong buy at this time for a beginner investor with a long-term strategy. While the company shows some growth in revenue and adjusted EBITDA, the overall financial performance is under pressure, with a net loss reported for 2025. Additionally, the recent analyst downgrade and lack of significant trading trends or proprietary trading signals suggest a cautious approach. The stock's technical indicators are neutral to slightly bullish, but there are no strong catalysts to justify immediate action.
The MACD histogram is positive and expanding, indicating a bullish trend. RSI is in the neutral zone at 66.329, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). Key support and resistance levels are at Pivot: 7.939, R1: 8.18, S1: 7.699, R2: 8.329, S2: 7.55.
The company projects net gaming revenue growth for FY 2026.
Analyst downgrade from Buy to Hold with a reduced price target of $8.50 due to concerns over valuation and the impact of a Mexico tax hike.
Q4 2025 revenue was €57.1 million, showing growth from Q4 2024. Adjusted EBITDA increased to €6.7 million, but the company reported a net loss of €1.8 million for 2025, down from a net income of €3.9 million in 2024. FY 2026 projections include net gaming revenue of €235 million to €245 million and adjusted EBITDA of €15 million to €20 million.
Stifel downgraded the stock to Hold from Buy with a reduced price target of $8.50, citing concerns over valuation and the impact of a Mexico tax hike.
