Codere Online is a wide-moat online gambling company with 34% ROE, 206% cash conversion and 19.8% upside to the analyst target, but sector headwinds and a weak momentum score of 4.5/10 limit conviction.
Thesis pillars
- Excellent Returns Cash Conversion→Stable
- Wide Moat Growth Profile→Stable
- Analyst Target Upside→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Oct 24, 2026
Codere Online Luxembourg, S.A. (CDRO) Stock Analysis
Consumer Cyclical · Gambling
Hold if already holding. Not a fresh buy at $8.65, but acceptable to hold if already in. Reason: Market cap $393M below $400M minimum.
Codere Online Luxembourg, S.A., together with its subsidiaries, operates as an online casino gaming and sports betting company in Spain, Mexico, and internationally. It offers online casino games available in land-based casinos, gaming halls, and gambling establishments, such as... Read more
Hold if already holding. Not a fresh buy at $8.65, but acceptable to hold if already in. Reason: Market cap $393M below $400M minimum. Chart setup: No clear chart pattern; technical signals are mixed. Market cap $393M below $400M minimum. Not in investable universe. Score 6.5/10, moderate confidence.
Passes 6/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: aggressive.
Recent developments
updated 2026-11-02Recent Developments — Codere Online Luxembourg, S.A.
Latest news
- NEWS CDRO|Codere Online Luxembourg SA|Price:9.285|Chg%:-0.035 - TradingKey — TradingKey neutral
- NEWS Codere Online Luxembourg SA (CDRO) Technical Analysis: Support, Resistance, Indicators & Moving Averages - TradingKey — TradingKey neutral
- NEWS Codere Online Gains 2.5% as Investors Eye Online Gaming Growth Trajectory (CDRO) - Ratio Spread Trade - dars.gov.et — dars.gov.et positive
- NEWS CDRO|Codere Online Luxembourg SA|Price:9.450|Chg%:+0.180 - TradingKey — TradingKey neutral
- NEWS CDRO|Codere Online Luxembourg SA|Price:9.390|Chg%:+0.070 - TradingKey — TradingKey neutral
Generated 2026-11-02T11:33:16Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $8.65, but acceptable to hold if already in. Reason: Market cap $393M below $400M minimum. Chart setup: No clear chart pattern; technical signals are mixed. Market cap $393M below $400M minimum. Not in investable universe. Analyst target $10.77 (+24.5%), stop $8.04 (−7.6%), A.R:R 2.3:1. Score 6.5/10, moderate confidence.
Analyst target: $10.77 (+24.5% upside). Analyst target $10.77 (+24.5%), stop $8.04 (−7.6%), A.R:R 2.3:1. Stop-loss: $8.04.
Market cap $393M below $400M minimum.
Codere Online Luxembourg, S.A. trades at a P/E of 33.3 (forward 14.2). TrendMatrix value score: 6.3/10. Verdict: Hold.
10 analysts cover CDRO with a consensus score of 3.9/5. Average price target: $13.
What does Codere Online Luxembourg, S.A. do?Codere Online Luxembourg, S.A., together with its subsidiaries, operates as an online casino gaming and sports betting...
Codere Online Luxembourg, S.A., together with its subsidiaries, operates as an online casino gaming and sports betting company in Spain, Mexico, and internationally. It offers online casino games available in land-based casinos, gaming halls, and gambling establishments, such as slot machines, table games, and bingo, as well as online casino through its website and mobile applications; and online sports betting and other bets under the Codere brand. Codere Online Luxembourg, S.A. is headquartered in Luxembourg, Luxembourg.