Barclays has adjusted its outlook on Boyd Gaming (BYD, Financial), revising its price target downward from $78 to $73. The firm maintains an Equal Weight rating for the stock. This change comes as part of a broader assessment ahead of the first-quarter performance review for the gaming industry.
Barclays highlights that, while gaming markets are generally showing resilience, lingering economic difficulties are likely to impact Las Vegas more severely compared to regional and digital segments. This macroeconomic backdrop suggests potential challenges for Las Vegas-based operations.
In contrast, Barclays notes that the Macau gaming market appears to be approaching a more stable footing, suggesting that it may face fewer risks in the near term.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Boyd Gaming Corp (BYD, Financial) is $81.62 with a high estimate of $88.00 and a low estimate of $72.00. The average target implies an upside of 28.04% from the current price of $63.74. More detailed estimate data can be found on the Boyd Gaming Corp (BYD) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Boyd Gaming Corp's (BYD, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Boyd Gaming Corp (BYD, Financial) in one year is $80.96, suggesting a upside of 27.02% from the current price of $63.74. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Boyd Gaming Corp (BYD) Summary page.
