Citi cuts target for Boyd Gaming stock to USD 78, 11.56 percent above close
Published on 10/17/2026 at 21:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget cut before earnings
- Citi lowered its Boyd Gaming target from USD 90.00 to USD 78.00 on October 12, 2026.
- MarketBeat expects third-quarter 2026 earnings of USD 1.67 per share and revenue of USD 1.00 billion on October 22, 2026.
- Boyd Gaming stock closed at USD 69.92 on October 16, 2026 at 3:59 p.m. ET, 23.51 percent below its USD 91.41 high.
- Boyd Gaming traded at a P/E ratio of 3.08 and a market capitalization of USD 5.1 billion on October 16, 2026.
Citi analyst James Hardiman cut the target for Boyd Gaming (ISIN US1033041013) from USD 90.00 to USD 78.00 on October 12, 2026, according to Markets Insider. The new target stands 11.56 percent above Boyd Gaming's NYSE closing price of USD 69.92 on October 16, 2026.
October 22 brings the next test
Boyd Gaming's next report is estimated for October 22, 2026, after the market closes, with a conference call scheduled for 5:00 p.m. ET. MarketBeat lists consensus earnings of USD 1.67 per share and revenue of USD 1.00 billion for the third quarter of 2026. The same source puts the year-earlier comparison at USD 1.72 per share and USD 726.95 million in revenue.
The company describes its operating base as 28 gaming properties across ten states and a managed tribal casino in California, according to its investor-relations page. That footprint makes the upcoming report a useful test of regional casino demand and the contribution from digital sports betting.
Stock stays below its yearly high
Boyd Gaming closed at USD 69.92 on the NYSE on October 16, 2026 at 3:59 p.m. ET, down 1.48 percent from the prior close. The stock's 52-week range was USD 65.00 to USD 91.41, leaving the closing price 7.57 percent above the low and 23.51 percent below the high. Trading volume was 1,047,990 shares against an average of 1,019,432 shares.
Valuation and calendar
The finance snapshot placed Boyd Gaming's market capitalization at USD 5.1 billion and its P/E ratio at 3.08 on October 16, 2026. A low earnings multiple does not settle the investment case, but it gives the October 22 report a clear numerical backdrop: the market is valuing the company well below the recent high while analysts have continued to revise targets.
Comparison with peers
BYD (NYSE, USD): minus 1.48 percent, P/E 3.08, market capitalization USD 5.1 billion
PENN Entertainment (Nasdaq, USD): minus 1.78 percent, P/E minus 2.35, market capitalization USD 2.0 billion
Caesars Entertainment (Nasdaq, USD): minus 1.54 percent, P/E minus 12.63, market capitalization USD 5.9 billion
The next checkpoint is October 22
Boyd Gaming's October 16 closing price sat inside its USD 65.00 to USD 91.41 52-week range, while Citi's USD 78.00 target provided a separate near-term benchmark. The October 22 report will put the USD 1.00 billion revenue estimate and USD 1.67 earnings-per-share estimate against the company's operating results.
Market context: Market report S&P 500.
