Mizuho has identified Boyd Gaming (BYD, Financial) as a "must buy" following news that the company plans to offload a 5% stake in FanDuel to Flutter Entertainment for $2 billion. This transaction indicates FanDuel's market capitalization is around $40 billion. Boyd Gaming's involvement in this deal highlights significant movement within the industry, suggesting potential growth prospects for the company. Mizuho has expressed confidence in Boyd Gaming's stock, influenced by this strategic sale and the market reactions it could generate.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Boyd Gaming Corp (BYD, Financial) is $80.75 with a high estimate of $88.00 and a low estimate of $73.00. The average target implies an downside of 5.65% from the current price of $85.59. 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 2.3, 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 $83.45, suggesting a downside of 2.5% from the current price of $85.59. 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.
