BALY Should I Buy
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Bally's Corp is not a strong buy at the moment for a beginner investor with a long-term strategy. The company's financial performance is weak, with declining net income and EPS, and analysts have downgraded the stock with a lower price target. While there is a positive catalyst from the acquisition of Sam's Town Hotel & Casino, this is not enough to offset the broader negative sentiment and financial struggles. Holding off on investment until more favorable conditions emerge would be prudent.
The technical indicators are neutral, with the MACD histogram below 0 and negatively contracting, RSI at 46.223 in the neutral zone, and converging moving averages. The stock is trading near its pivot level of 13.931, suggesting no clear trend.
The acquisition of Sam's Town Hotel & Casino in Louisiana, with plans for reinvestment in the Shreveport market, could provide long-term growth opportunities.
Barclays downgraded the stock to Underweight with a price target of $11, citing a challenging outlook for the gaming and leisure space. The company's financial performance has been weak, with significant declines in net income and EPS.
In Q3 2025, revenue increased by 5.36% YoY to $663.7M, but net income dropped by 58.48% YoY to -$102.9M, and EPS fell by 66.67% YoY to -1.7. Gross margin improved slightly to 44.21%.
Barclays downgraded Bally's to Underweight from Equal Weight, maintaining a price target of $11, reflecting a negative outlook for the gaming and leisure sector.
