
Bally's (BALY) Stock Forecast & Price Target
Bally's (BALY) Analyst Ratings
Bulls say
Bally's Corp has demonstrated steady sequential growth in various markets, including New Jersey, Ontario, and Pennsylvania, resulting in a $10 million quarter-over-quarter increase, bolstered by successful product launches. The company's management is optimistic about capturing additional market share as smaller competitors face challenges adapting to regulatory changes, alongside an uptick in Average Revenue Per Daily Active User (ARPDAU) from the Jackpotjoy soft launch. Additionally, Bally's has secured $500 million in financing for its recent acquisition, positioning itself for long-term growth with a projected path to $1 billion in adjusted Segment Gross Revenue by 2025.
Bears say
Bally's Corp has experienced considerable challenges leading to a negative outlook, primarily characterized by an unsuccessful North American interactive strategy and ongoing high leverage, with a projected net debt ratio of 6.3x by 2025. Revenue from international operations underperformed, particularly in Japan, where declining player engagement and regulatory uncertainties are expected to further hinder profitability, contributing to a significant revision in FY24 guidance. Additional headwinds include underwhelming earnings before interest, taxes, depreciation, and amortization (EBITDA) performance in the U.K., impactful infrastructure work affecting visitation in Rhode Island, and risks associated with the $2 billion Chicago new build project.
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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