Truist Securities analyst Barry Jonas upgraded Station Casinos to Buy in a 16 July investor note and forecast strong second-quarter results. He expected Station Casinos and Boyd Gaming to exceed cash-flow targets by 5% and 4%, respectively, while predicting Golden Entertainment would miss its target by 4%.
The analyst’s forecasts and rating changes inform investor assessments of the named casino companies.
Quarter ended 30 September 2026
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Truist Securities analyst Barry Jonas lowered his price targets for gambling stocks in an investor note dated 23 April 2025. He favoured companies with stable cash flow, including Vici Properties and Gaming & Leisure Properties, and retained Buy ratings on Caesars Entertainment and MGM Resorts International. Jonas also cited risks for online betting, including weaker handle, possible state tax increases and prediction markets.
The Ninth Circuit ruled against Kalshi on prediction markets, Truist Securities analyst Barry Jonas said on 31 August. Jonas said the Fourth and Sixth Circuits had yet to rule and identified a split between courts.
Truist forecasts combined US online casino and sports betting revenue will grow 14% in 2026. Analyst Barry Jonas reported that 2025 online casino revenue rose 27%, excluding Rhode Island, while sports betting revenue increased 18%; he selected DraftKings as his preferred digital stock for 2026 and lowered his price targets for Flutter and MGM Resorts.
Jefferies analyst Kai Erman said Aristocrat Leisure remains the leading slot supplier while Light & Wonder has room to grow share, in an investor note. Erman cited Aristocrat's 30% floor share and 50% handle share, and pointed to Light & Wonder's leased, charitable and international opportunities.
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.