Should I Buy CDRO? CDRO 2026 Analysis

Should You Buy Codere Online Luxembourg SA (CDRO) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

7.900

1 Day change

2.60%

52 Week Range

8.750

Analysis Updated At

2026/02/04

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Not a good buy right now for an impatient entry: momentum is weakening (MACD histogram negative and expanding) and the stock is trading below the pivot (7.899) in pre-market.
Upside exists given bullish longer-term moving averages, but the near-term tape favors a wait-for-strength approach (reclaim ~7.90–8.00) rather than buying into current weakness.
Recent Wall Street downgrade tied to Mexico tax hike keeps sentiment capped near-term.

Intellectia Proprietary Trading Signals

AI Stock Picker: no signal on given stock today.
SwingMax: No signal on given stock recently.

Technical Analysis

Trend/MAs: Bullish structure on moving averages (SMA_5 > SMA_20 > SMA_200) suggests the bigger-picture trend is still constructive.
Momentum: MACD histogram at -0.0301 and negatively expanding = bearish/weakening momentum in the short term.
RSI: RSI_6 at 33.8 (weak, near oversold but not a clear reversal trigger on its own).
Levels: Pre-market 7.70 is below Pivot 7.899 and sitting just above Support S1 7.623 (next S2 7.454). Overhead resistance at R1 8.174 then R2 8.343.
Near-term pattern stats provided: roughly mixed odds with modest projected upside over 1 week/month, not strong enough to override the current negative momentum.

Positive Catalysts

- Longer-term uptrend signal from moving-average alignment (SMA_5 > SMA_20 > SMA_200).
- The stock is near support (7.623), which can attract dip-buyers if the tape stabilizes.
- Prior bull case cited by analysts: addressable market expansion in Spain/Mexico and stable-to-expanding market share (supports longer-term narrative).

Neutral/Negative Catalysts

- Mexico tax hike impact remains an overhang; Stifel explicitly said estimates/valuation likely need to reset.
- Fresh downgrade (Buy → Hold) reduces incremental buyer demand from the Street.
- Short-term momentum is deteriorating (MACD negative and worsening) while price is below the pivot—risk of testing S1/S2 supports.
- No notable hedge fund/insider accumulation signals reported recently (both “Neutral”).

Financial Performance

No usable financial snapshot was provided (data error: "list index out of range"), so quarter/season growth trends cannot be assessed from the provided data.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Latest change (2026-01-30): Stifel downgraded to Hold from Buy; price target cut to $8.50 from $9.00, citing the Mexico tax hike and a need for estimate/valuation reset.
Prior (2025-11-18): Stifel maintained Buy but reduced PT to $9 from $10 after earnings, reflecting Q3 hold impact and a moderated view of Mexico tax hike net impact.
Wall Street pros/cons view (from provided notes): Pros—market expansion in Spain/Mexico and market share stability; Cons—Mexico tax changes and valuation/estimates reset risk now dominate the near-term outlook.

5 Analyst Rating

Wall Street analysts forecast CDRO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CDRO is 10.67 USD with a low forecast of 9 USD and a high forecast of 14 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Buy

1 Hold

0 Sell

Strong Buy

Current: 7.700

Low

Averages

10.67

High

Current: 7.700

Low

Averages

10.67

High

Stifel

Buy -> Hold

downgrade

AI Analysis

2026-01-30

Reason

Stifel

Price Target

AI Analysis

2026-01-30

downgrade

Buy -> Hold

Reason

Stifel downgraded Codere Online to Hold from Buy with a price target of $8.50, down from $9. The shares are up more than three-fold from the mid-2022 lows due to total addressable market expansion in Codere's two core markets of Spain and Mexico, stable-to-expanding market share, and a growing takeout premium, the analyst tells investors in a research note. However, the firm believes the company's estimates valuation "still need to reset" for the recently announced Mexico tax hike.

Stifel

Jeffrey Stantial

Buy

downgrade

$10 -> $9

2025-11-18

Reason

Stifel

Jeffrey Stantial

Price Target

$10 -> $9

2025-11-18

downgrade

Buy

Reason

Stifel analyst Jeffrey Stantial lowered the firm's price target on Codere Online to $9 from $10 and keeps a Buy rating on the shares. The firm lowered its FY25 and FY26 estimates after flowing through Q3 hold impact and moderating its out-year view on the Mexico tax hike net impact, the analyst tells investors in a post-earnings note.

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CDRO Should I Buy

CDRO Should I Buy

Should You Buy Codere Online Luxembourg SA (CDRO) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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