Why Everi Holdings' Shares Popped 27.5% on Friday

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. 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. EBITDA might be a commonly used metric in the gambling industry, but I'm not sure it's a good metric for Everi.