
Bally's (BALY) Stock Forecast & Price Target
Bally's (BALY) Analyst Ratings
Bulls say
Bally's Corp demonstrated robust performance in its third-quarter results, with a 12% year-over-year revenue growth, fueled by strong contributions from both its UK operations and North American Interactive segment, which achieved a 13% growth. The Casino & Resorts division saw a significant 15% increase in revenues, benefiting from the addition of the Queen properties, while overall EBITDA in the North America Interactive segment turned positive for the first time at $2.5 million, indicating promising growth potential. Additionally, Bally's maintained resilience in its online revenues, growing by 8% year-over-year, and exhibited strong market share even amid regulatory challenges, illustrating its ability to adapt and thrive in a competitive landscape.
Bears say
Bally's Corporation reported a 7% year-over-year decline in International Interactive revenues, which reflects the impact of the divestiture of its Asia interactive business, despite a normalization adjustment of 12%. The company experienced negative adjustments in its North America Interactive segment and faced idiosyncratic headwinds, including challenges with bridgework at TR Lincoln, the loss of VIP hosts at Bally's Atlantic City, and a slower-than-expected ramp-up at the temporary Chicago location. Additionally, Bally's stock is perceived to be overpriced relative to its peers, compounded by high net leverage and limited trading liquidity, which may contribute to increased 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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