Barclays has adjusted its price target for Boyd Gaming (BYD, Financial), raising it from $73 to $87 while maintaining an Equal Weight rating on the stock. This adjustment comes in anticipation of the company's second-quarter performance. The firm anticipates strong results from regional, digital, and Macau gaming sectors, although it expects some setbacks in Las Vegas. Despite recent gains in the sector, Barclays believes the stocks are not overpriced. This analysis provides a strategic outlook for investors monitoring Boyd Gaming's future prospects.
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 $86.33 with a high estimate of $101.00 and a low estimate of $73.00. The average target implies an upside of 4.72% from the current price of $82.44. 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 upside of 1.23% from the current price of $82.44. 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.
