#4 - Bally's (NYSE:BALY)
With a $1.8 billion market cap as of this writing, Bally’s (NYSE:BALY) is currently below the technical threshold for a mid-cap stock. However, it was solidly in the mid-cap sector for most of 2021. And with a little growth, it will fall in that category again.
The growth opportunity comes from its Bally Bet platform. This gives the company in the lucrative gaming/sports betting sector. That means it will be competing with heavy hitters (and established players) such as DraftKings (NASDAQ:DKNG). To help it compete, the company has partnerships in place with many regional sports networks through its partnership with Sinclair Broadcast Group (NASDAQ:SBGI).
Be advised that Bally’s has received a buyout offer from the hedge fund Standard General, its largest institutional investor. If the offer is accepted, Bally’s would go private. However, with the takeover offer being for $38 per share, price action could become volatile.
About Bally's
Bally's Corp. is a global casino-entertainment company with a portfolio of casinos and resorts and online gaming businesses. It operates through the following segments: Casinos & Resorts, International Interactive, and North America Interactive. The Casinos & Resorts segment consists of the company's casino and resort properties, a horse racetrack, and a golf course.
More- Current Price
- $18.24
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $18.00 (1.3% Downside)
