
Bally's (BALY) Stock Forecast & Price Target
Bally's (BALY) Analyst Ratings
Bulls say
Bally's Corp has demonstrated substantial growth with online revenues increasing by 9% year-over-year, driven by a resilient total addressable market (TAM) and stable market share amid regulatory changes. Additionally, North America Interactive revenues soared by 22% year-over-year, achieving positive EBITDA of $2.5 million for the first time, indicating the successful integration of the Queen interactive business. The company also reported a 15% year-over-year increase in Casino & Resorts revenues, bolstered by the inclusion of the Queen properties, further reflecting the overall stability and expansion across its operational jurisdictions.
Bears say
Bally's Corp has faced notable challenges, with International Interactive revenues declining by 10% year-over-year, primarily due to the divestiture of its Asia interactive business and competitive pressures from peers, suggesting an overall weakening in market positioning. Despite revenues of $393.3 million slightly outperforming consensus expectations, they fell short of internal projections and represent a slight decline on a pro forma basis, highlighting ongoing issues with profitability. Additionally, specific operational headwinds, including bridgework impacts, loss of VIP hosts, and a sluggish ramp-up of the Chicago temporary facility, further contribute to a negative outlook for the company's financial performance.
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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