
Bally's (BALY) Stock Forecast & Price Target
Bally's (BALY) Analyst Ratings
Bulls say
Bally's Corporation reported a 12% year-over-year revenue growth in the third quarter, excluding the divested Asia business, demonstrating robust performance across its various gaming and hospitality offerings. Notably, the North America Interactive segment saw revenues increase by 13% YoY, bolstered by the growth in iGaming and sportsbook contributions, while overall online revenues grew by 8% year-over-year, reflecting resilience in market share despite regulatory changes. Additionally, the Casino & Resorts segment experienced a 15% revenue growth, supported by the recent acquisition of the Queen properties and strategic developments in key markets, contributing to a strong financial outlook for the company.
Bears say
Bally's Corp has experienced a negative trend in International Interactive revenues, with a decline of 7% year-over-year, which is worsened by a 10% drop in adjusted revenues following the divestiture of its Asian interactive business. The North America Interactive segment also showed negative performance during the quarter, impacted by idiosyncratic headwinds such as construction work, loss of key personnel, and slower growth at a temporary facility in Chicago. Additionally, the company's valuation metrics suggest that its stock may be overpriced compared to peers, coupled with high net leverage and limited trading liquidity, which may introduce significant volatility in the near term.
This aggregate rating is based on analysts' research of Bally's and is not a guaranteed prediction by Public.com or investment advice.
Bally's (BALY) Analyst Forecast & Price Prediction
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