Stifel cuts target for Boyd Gaming stock from USD 92 to USD 80

Published on 10/25/2026 at 00:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Boyd Gaming reported USD 990.5 million revenue in the third quarter of 2026. For Boyd Gaming stock, buybacks reached USD 164 million in that quarter.

Earnings and analyst reset

On October 23, 2026, Stifel Nicolaus lowered its target from USD 92 to USD 80.
Adjusted earnings per share reached USD 1.67 in the third quarter of 2026, versus USD 1.72 a year earlier.
Boyd Gaming had a USD 5.2 billion market capitalization as of October 23, 2026.

BYD, US1033041013, Illustration mit AI erstellt.

Boyd Gaming (ISIN US1033041013) saw Stifel Nicolaus lower its price target from USD 92 to USD 80 on October 23, 2026, while retaining a Hold rating, according to MarketBeat. The reduction followed Boyd Gaming's third-quarter results published on October 22, 2026, in which revenue missed consensus estimates.

Why did the target fall?

Stifel's target cut makes the operating split more important than the headline rating. The third-quarter release showed adjusted earnings per share of USD 1.67, down from USD 1.72 in the same period of 2025, while adjusted EBITDAR declined from USD 321.8 million to USD 319.6 million, according to PR Newswire.

What changed in the third quarter?

Revenue fell from USD 1,004.361 million in the third quarter of 2025 to USD 990.455 million in the third quarter of 2026, a 1.38 percent decline. The comparison in net income is distorted by a USD 1.4 billion after-tax gain from the FanDuel equity sale in the prior-year period, so adjusted measures provide the cleaner operating comparison.

The regional picture was uneven. Midwest and South revenue reached USD 540.489 million, while Online revenue was USD 154.466 million. Boyd Gaming also repurchased USD 164 million of common stock during the quarter and paid a USD 0.20 per-share dividend on October 15, 2026, according to PR Newswire.

Three recent BYD milestones

On October 7, 2026, Deutsche Bank upgraded Boyd Gaming to Buy with a USD 99 target, as MarketBeat reported. On October 22, 2026, the company reported USD 990.455 million in third-quarter revenue through PR Newswire. On October 23, 2026, Stifel lowered its target to USD 80 from USD 92, according to MarketBeat.

Next dated company item

The PR Newswire release dated October 22, 2026 said the replay of the earnings call would remain available through October 29, 2026.

Market value after results

Boyd Gaming had a market capitalization of USD 5.2 billion as of October 23, 2026. Its 52-week range was USD 65.00 to USD 91.41 on that date, leaving the operating update and analyst reset as the clearest valuation context for the casino operator. The further course of trading is shown by the continuously updated real-time quote of Boyd Gaming stock.