Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Boyd Gaming Corp (NYSE:BYD (SZ:002594)) stock has reached an all-time high, hitting 82.26 USD, with a market capitalization of $6.67 billion. According to InvestingPro analysis, the company currently trades slightly above its calculated Fair Value. This milestone reflects a significant upward trend, as the stock has experienced a notable 48.66% increase over the past year. The company’s strong performance in the gaming and hospitality industry, marked by impressive gross profit margins of 61.62% and revenue growth of 6.06%, has contributed to this impressive growth. With analyst price targets ranging from $73 to $88, and a modest dividend yield of 0.89%, the stock continues attracting attention from investors looking for robust returns. InvestingPro subscribers can access 12 additional key insights about Boyd Gaming’s performance and outlook. As Boyd Gaming continues to expand its operations and enhance its offerings, trading at a P/E ratio of 13.32, market analysts are closely watching its stock trajectory. Discover comprehensive analysis and detailed metrics in Boyd Gaming’s Pro Research Report, available exclusively on InvestingPro.
In other recent news, Boyd Gaming reported strong financial results for the first quarter of 2025, surpassing both earnings and revenue forecasts. The company achieved earnings per share of $1.62, exceeding the expected $1.55, and reported revenues of nearly $1 billion, higher than the forecasted $977.18 million. Mizuho (NYSE:MFG) Securities raised its price target for Boyd Gaming to $86, reflecting confidence in the company’s financial performance. Stifel also increased its price target to $76, maintaining a Buy rating, noting Boyd Gaming’s consistent performance and strong position in the gaming industry. JPMorgan initiated coverage with a neutral rating, highlighting the company’s growth pipeline and capital return profile, including a $400 million annual share repurchase program. Additionally, new tax legislation on tipping may provide a revenue boost for Boyd Gaming, as noted by Citizens JMP. These developments underscore Boyd Gaming’s stable business trends and financial health amidst an uncertain economic environment.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.