Deutsche Bank analyst Carlo Santarelli rates Boyd Gaming shares Hold for 2025 and sets a $72 price target, reportedly unchanged from the end of 2024. He cited competition affecting Boyd’s Las Vegas locals properties and said the company’s 5% FanDuel stake could be a factor in its investment case.
The analyst’s assessment flags competitive pressure on Boyd’s casino properties and the potential significance of its FanDuel stake.
Quarter ended 30 September 2026
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Deutsche Bank analyst Steven Pizzella upgraded Boyd Gaming and Penn Entertainment to buy from hold, according to a client report. He raised Boyd’s price target to $99 from $98 and Penn’s to $25 from $23, citing operational momentum and company-specific growth factors.
Analysts discussed Churchill Downs, Boyd Gaming and wider gaming-sector prospects in notes dated 20, 23 and 25 October. David Katz estimated Churchill Downs’ Visa sponsorship of the Kentucky Derby at $3m-$8m, while David Bain said he expected Boyd Gaming’s company-wide EBITDA to be flat year on year in Q4 2026.
Analysts cited in a research roundup discussed prediction markets’ potential effect on sports betting during the NFL season and Bally’s Chicago casino project. A Jefferies analyst said GLPI had committed $940 million to the development, with $475.7 million funded by 30 June, and noted investor attention on the project’s timeline and financing.
Macquarie analyst Chad Beynon said February revenue per room on the Las Vegas Strip rose 6% year over year, while visitation increased 2%. He cut his first-quarter Strip gaming revenue forecast to a 2.5% decline, but said stronger room revenue could put Vegas segments ahead of earnings consensus.
Macquarie analyst Chad Beynon said regional casinos should outperform Las Vegas for the rest of 2025, citing third-quarter trends. He expects downside to consensus earnings estimates for the Strip businesses of Caesars Entertainment, MGM Resorts International and Wynn Resorts; CBRE analyst John DeCree expects stability to moderate growth in the locals market.