Key Highlights:
- Bally's Corporation (BALY, Financial) is selling its International Interactive business to Intralot for €2.7 billion.
- Analysts predict an average target price of $14.45 for Bally's, suggesting a 30.06% upside.
- GuruFocus estimates a potential upside of 106.66% based on GF Value analysis.
Bally's Strategic Business Move
Bally's Corporation (BALY) has negotiated a significant transaction to divest its International Interactive business to Intralot for a substantial €2.7 billion. This deal is structured as a mix of cash and Intralot shares, with Intralot securing debt commitments to finance the acquisition. Bally's intends to strategically leverage the proceeds from this transaction to reduce its existing debt burden.
Wall Street Analysts' Projections
Currently, five analysts have proposed one-year price targets for Bally's Corporation, averaging at $14.45. This forecast spans from a high of $18.25 to a low of $12.00. These estimates translate to a potential upside of 30.06% from Bally's current trading price of $11.11. For more in-depth analysis, investors can visit the Ballys Corp (BALY, Financial) Forecast page.
Brokerage Recommendations and Market Sentiment
Among six brokerage firms, the consensus recommendation for Bally's Corporation (BALY, Financial) is a "Hold," represented by an average brokerage recommendation of 3.0 on a scale from 1 (Strong Buy) to 5 (Sell).
GuruFocus Value Analysis
According to GuruFocus' GF Value calculation, Bally's Corporation (BALY, Financial) is estimated to have a value of $22.96 within the next year. This represents a remarkable 106.66% upside potential from the current price of $11.11. The GF Value represents the fair value at which the stock should ideally trade, calculated from historical trading multiples, past business growth trajectories, and future performance projections. Investors can access further detailed information on the Ballys Corp (BALY) Summary page.
