
Bally's (BALY) Stock Forecast & Price Target
Bally's (BALY) Analyst Ratings
Bulls say
Bally's Corp has demonstrated a positive financial trajectory, as evidenced by a 12% year-over-year revenue growth in the third quarter, excluding revenues from a recently divested Asia business, with notable performance in the UK and North America. The North America Interactive segment reported a substantial 13% revenue increase, supported by the rise in iGaming and online sportsbook contributions, while online revenues also saw an 8% year-over-year uptick. Furthermore, the company's Casino & Resorts segment experienced a 15% revenue boost, driven primarily by the integration of the Queen properties, indicating robust operational growth across various segments.
Bears say
Bally's Corporation has reported a decline in International Interactive revenues by 7% year-over-year, with a more significant 10% drop in adjusted revenues due to the divestiture of its Asia interactive business, suggesting operational challenges in key markets. The North America Interactive segment has also reverted to negative performance, impacted by ongoing issues such as bridgework at its TR Lincoln property and the loss of VIP hosts in Atlantic City, alongside a slower-than-expected ramp-up of its temporary facility in Chicago. The company faces high net leverage and limited trading liquidity, which may lead to significant volatility in the near term, while its valuations indicate that the stock might be overpriced compared to its peers, further contributing to a negative outlook.
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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