Stock Market Investors Meet: Discussions Include Gambling.com, Sportradar, Bally's, and MGM Resorts Investments
United States Gaming Sector: Analysts' Take on Gambling.com, Sportradar, Bally's, and MGM Resorts
Let's dive into the latest assessments from industry analysts on the U.S. gaming sector 🚀
Gambling.com (GAMB): 🎲💻
Jefferies and Truist Securities both remain bullish on Gambling.com, with a Buy rating each. Their assessments set Gambling.com apart as a key player in the digital iGaming market, forecasting a profitable growth trajectory and recommending a target price of $18.00. 💰
Sportradar: 🏈🎮
Jefferies' David Katz views Sportradar favorably, noting its strong quarterly performance, in-game betting potential, and the additional value from the IMG deal. His Buy rating indicates confidence in Sportradar's growth prospects. 📈
Bally's: 🎰💰
Truist Securities' Barry Jonas maintains a Hold rating on Bally's due to concerns about the company's execution, leverage, and liquidity. Despite that, Bally's pending acquisitions and expansion projects (Queen, Chicago, Tropicana) may bring upside potential. 🔜
MGM Resorts: 🏦🎲
Fitch Ratings affirmed MGM Resorts International's IDR at 'BB-,' indicating a stable outlook, and reiterating the subsidiary, MGM China Holdings Limited's ratings. The company may face cost pressures from physical expansion but could benefit from sports betting partnerships. 💡
Digging Deeper: 🌄
While specific reports on Sportradar, Bally's, and MGM Resorts couldn't be found in the article, general trends in the gaming sector suggest:- Online Gambling Growth: Analysts prefer digital-first firms like Gambling.com due to iGaming adoption.- Brick-and-Mortar Risks: Traditional casino operators like MGM may face cost pressures but could benefit from sports betting partnerships.- Data Providers: Sportradar's role in live sports data could align with sector growth, a factor worth watching.📅 Check out Gambling.com's May 15 earnings to stay updated on their latest financial results. 💡
Give this article a share, and stay tuned for more gaming insights! 📝✌️
[1] Benzinga[2] TipRanks[3] Yahoo Finance[4] Investors.com[5] MarketWatch
In the U.S. gaming sector analysis, Gambling.com is deemed a key player due to analysts' expectations of a profitable growth trajectory and a recommended target price of $18.00.
Sportradar's strong quarterly performance, in-game betting potential, and additional value from the IMG deal have earned David Katz's favorable view and Buy rating.
Though there are concerns about Bally's execution, leverage, and liquidity, its pending acquisitions and expansion projects may offset potential disadvantages.
MGM Resorts International may face cost pressures from physical expansion but could potentially benefit from sports betting partnerships, according to Fitch Ratings.
