Codere Online Names Marcus Arildsson as Chief Financial Officer

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Nov 17 2025

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CDRO+1.03%

Should l Buy CDRO?

New CFO Appointment: Marcus Arildsson has been appointed as the new CFO of the Company, effective November 17th.
Experience Background: Arildsson brings over 25 years of international experience in investment banking, equity markets, and corporate finance.
Successor to Oscar Iglesias: He will succeed Oscar Iglesias, who is anticipated to join the Board.
Upcoming Shareholder Meeting: Iglesias's appointment to the Board is subject to approval at an Extraordinary General Meeting scheduled for December 1st.

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Analyst Views on CDRO

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 9.00 USD and a high forecast of 14.00 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.

5 Analyst Rating

4 Buy

1 Hold

0 Sell

Strong Buy

Current: 7.770

Low

9.00

Averages

10.67

High

14.00

Current: 7.770

Low

9.00

Averages

10.67

High

14.00

Stifel

Buy -> Hold

downgrade

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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About CDRO

Codere Online Luxembourg SA is a Luxembourg-based Online Casino Operator Company. The Company offers Online Sports Betting and Online Casino through its state-of-the art website and Mobile Application. It operates in markets of Spain, Italy, Mexico, Colombia, Panama and the City of Buenos Aires (Argentina). The Company offers online Channels include Omnichannel and Pure Online. Its products include Sports Betting and Casino. The Company is also the official betting partner of Real Madrid in Latin America, River Plate in Argentina and Monterrey Rayados in Mexico.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Wall Street Analysts Adjust Ratings

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Market Reaction: While specific company names are not mentioned, analyst rating changes typically attract market attention, prompting investors to adjust their positions based on these ratings, which can lead to stock price volatility.
Impact of Rating Changes: Adjustments in analyst ratings not only affect short-term stock prices but can also influence a company's long-term investment appeal, especially in times of heightened market uncertainty when investors rely more on professional analysts' opinions.
Further Information: For a complete view of all analyst rating changes, including specific upgrades, downgrades, and initiations, investors are encouraged to visit the analyst ratings page to make more informed investment decisions.

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Potential Investment Opportunities: Companies like Optex Systems Holdings and MIND Technology demonstrate real growth potential under low institutional ownership, where stable orders and continued deliveries could lead to rapid market re-pricing.
Profitability Enhancement: Cases like Paysign and Codere Online indicate that as profitability improves and cash flow stabilizes, market attention on these companies may rise quickly, driving stock prices higher.

Codere Online to Attend Upcoming Investor Conferences

Nov 20 2025Newsfilter

Upcoming Investor Conferences: Codere Online Luxembourg, a leading online gaming operator, will participate in the 5th Annual Craig-Hallum Online Gaming Conference on December 2, 2025, and the BTIG Digital GameDay on December 10, 2025, both virtually.
Key Management Attendees: The conferences will feature key executives including CEO Aviv Sher, former CFO Oscar Iglesias, CFO Marcus Arildsson, and Head of Investor Relations Guillermo Lancha.
Company Overview: Codere Online, launched in 2014, offers online sports betting and casino services in Spain and Latin America, supported by the physical presence of its parent company, Codere Group.
Codere Group Background: Codere Group is a multinational entertainment and leisure company with over 40 years of experience in the gaming industry, operating in seven countries across Europe and Latin America.