
Bally's (BALY) Stock Forecast & Price Target
Bally's (BALY) Analyst Ratings
Bulls say
Bally's Corp reported a 12% year-over-year revenue growth in the third quarter, excluding revenues from its divested Asia business, driven by robust performance in the UK and a 13% growth in North America Interactive revenues. The company's Casinos and Resorts segment saw EBITDA growth of 7%, bolstered by market share gains in competitive regions, while International Interactive EBITDA growth of 2% highlights an increase in margins to 45.7% despite ongoing investment in user acquisition. Moreover, Bally's is successfully turning around its operations, demonstrated by an 11% increase in overall EBITDA, which positions the company favorably in the gaming and entertainment sector.
Bears say
Bally's Corporation experienced a 7% year-over-year decline in International Interactive revenues, despite a normalized growth of 12% that surpassed both model and consensus expectations. The company's Adj. NAI reverted to negative figures during the quarter, influenced by factors such as infrastructure issues at TR Lincoln, loss of key VIP hosts, and slower ramp-up in Chicago. Furthermore, the company's EBITDAR fell 2%-3% below projections, and ongoing interactive losses, alongside high net leverage and limited trading liquidity, raise concerns about potential volatility and overall stock valuation relative to peers.
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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