Analysts have slightly increased their price target for Boyd Gaming, raising it from $90.77 to $91.46 per share. This change is attributed to minor adjustments in discount rates and growth projections.
What's in the News
- Fanatics Betting and Gaming and Boyd Gaming have entered a multi-year partnership in Missouri, where Fanatics Sportsbook will operate mobile sports betting using Boyd's license. (Key Developments)
- Fanatics-branded retail sportsbooks are set to open at Boyd's Ameristar Casino Hotel Kansas City and Ameristar Casino Resort and Spa St. Charles, pending regulatory approval. (Key Developments)
- Fanatics plans to launch online and retail betting products in Missouri this December and will introduce features such as up to 10% FanCash back on every bet and Fair Play injury protection for users. (Key Developments)
- Boyd Gaming repurchased 1,480,106 shares for $105 million between April and June 2025, bringing the total number of shares repurchased under the buyback to 33,295,433 since October 2021. (Key Developments)
Valuation Changes
- Fair Value: Increased slightly from $90.77 to $91.46 per share.
- Discount Rate: Decreased marginally from 10.19% to 10.11%.
- Revenue Growth: Projected rate declined slightly from -4.65% to -4.72%.
- Net Profit Margin: Edged down from 16.13% to 16.10%.
- Future P/E: Rose modestly from 13.80x to 13.94x.
Disclaimer
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