EVRI - Why Everi Holdings' Shares Popped 27.5% on Friday
Shares of casino fintech company Everi Holdings (NYSE: EVRI) jumped as much as 27.5% on Friday after the stock got a big upgrade from an analyst. At 1:40 p.m. EDT shares were up 24.1% and holding very strong gains.
Analyst David Bain from Roth Capital was the one who caused shares of Everi to jump today when he put a buy rating and a $17 price target on the stock. Based on his estimates for calendar year 2022, he believes the average gaming supplier enterprise value-to-EBITDA multiple is 7.3, which would put shares at $11.50 apiece. He also thinks the company deserves a premium, which gets him to $17 per share.
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