Simply Wall St
3 min read
Boyd Gaming stock is in focus following a reassessment of price targets after the latest earnings release. A decrease in the discount rate suggests analysts now view the company’s future cash flows as carrying slightly less risk. In addition, stable revenue growth and net margins indicate ongoing confidence in operational performance. Stay tuned to discover how investors can track shifts in sentiment and updates to Boyd’s evolving investment narrative.
Analyst coverage on Boyd Gaming has reflected notable confidence following the company’s recent earnings report. Recent commentary provides insight into the way Wall Street views the stock’s valuation, execution, and future growth drivers.
🐂 Bullish Takeaways:
-
Mizuho has raised its price target on Boyd Gaming to $99 from $89, reaffirming an Outperform rating.
-
The analyst from Mizuho highlights that the fundamentals in the most recent quarter were solid, reinforcing confidence in Boyd’s operational execution and underlying business strength.
-
The firm continues to describe Boyd shares as “very attractive,” underscoring the company’s sustained growth momentum and stability in key financial metrics.
🐻 Bearish Takeaways:
-
While not outright bearish, Mizuho notes that the stock could be “work post earnings,” hinting at some cautiousness regarding the speed of further upside after the recent rally.
Overall, analyst sentiment appears to lean positive on Boyd Gaming, especially in terms of execution and fundamentals. However, some reservations linger about valuation and the potential for near-term gains already being reflected in the current share price.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!
-
Fanatics Betting and Gaming has partnered with Boyd Gaming to bring mobile sports betting and Fanatics-branded retail sportsbooks to Ameristar Casino locations in Missouri. Launches are planned for December, pending regulatory approval.
-
Boyd Gaming recently repurchased 1,903,611 shares for $160 million. These buybacks bring the total number of repurchased shares to more than 35 million since October 2021, valued at $2.25 billion.
-
Cboe Global is planning to enter the prediction markets sector. While it will initially avoid sports-related offerings, the move is seen as significant for publicly traded companies in the sports gambling sector, including Boyd Gaming.
