
Bally's (BALY) Stock Forecast & Price Target
Bally's (BALY) Analyst Ratings
Bulls say
Bally's Corporation demonstrated a robust financial performance in the third quarter, with revenues excluding the divested Asia business increasing by 12% year-over-year, and a notable 13% growth in North America Interactive revenues, driven by a thriving iGaming sector. The Casino & Resorts segment also displayed resilience, with EBITDAR growing by 7% year-over-year, supported by market share gains despite increased competition in various locations. Furthermore, the company's international interactive segment reported improved EBITDA margins of 45.7%, indicating a successful strategy amid regulatory changes and contributing positively to Bally's overall financial health.
Bears say
Bally's Corporation has experienced a decline of 7% in International Interactive revenues year-over-year, although adjusted numbers indicate a 12% normalization when accounting for the sale of Asian operations. The company has faced significant operational challenges, including negative adjusted net income and various idiosyncratic headwinds such as bridgework disruptions and losses in VIP hosting, raising concerns about its financial stability and growth prospects. With high net leverage and limited trading liquidity, the stock may be subject to significant volatility, compounded by concerns that Bally's is overpriced relative to its peers despite recent revenue beats.
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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