Texas Capital Analyst Rated Boyd Gaming a Buy
Despite recent stock declines, analyst David Bain set a $106 price target for Boyd Gaming.
Updated on Oct. 13, 2026 in Stock Picks
Live Poll
Is now a good time for you to invest in regional casino stocks?
Texas Capital analyst David Bain has assigned a buy rating to Boyd Gaming, suggesting a potential upside of nearly 53% for the company. This outlook comes even as the firm lowered financial estimates for Boyd Gaming ahead of its third-quarter earnings report.
Why it matters
The buy rating provides a bullish counterpoint to recent market performance, highlighting the company's focus on return on investment and capital returns. Investors are now watching to see how these factors influence the stock ahead of upcoming fiscal results.
Boyd Gaming shares have shed nearly 10% over the past month and face a year-to-date loss of 18.6%. The stock closed at $69.37, with analysts projecting a potential upside of approximately 53% based on the newly assigned price target.
The players
David Bain
David Bain is a market analyst at Texas Capital who monitors the gaming sector.
Boyd Gaming
Boyd Gaming is a Las Vegas-based company that operates regional gaming and entertainment properties.
The details
Boyd Gaming continues to return capital to shareholders through dividends and buybacks as it works toward future growth. The company is actively pursuing its development schedule, which includes the planned opening of a new regional casino in Norfolk, Virginia, in late 2027.
Timeline
Boyd Gaming is expected to release its third-quarter earnings report on Oct. 22, 2026.
A new regional casino is scheduled to open in Norfolk in late 2027.
Market Dynamics
This analyst recommendation aligns with the broader industry trend of prioritizing regional gaming market expansion as a primary driver of long-term value. It underscores how institutional investors evaluate major operators as they manage cyclical market volatility against their capital return programs.
Retail investors should note that the analyst rating reflects a long-term outlook, which may contrast with the immediate volatility shown by recent price drops. Shareholders currently holding the stock may use the analyst's price target to reassess their portfolio exposure ahead of the upcoming earnings release.
The takeaway
Investors often look past short-term stock price dips to focus on a company's fundamental ability to return capital through dividends and buybacks. While analyst price targets offer a bullish perspective, market participants should remain mindful of upcoming earnings reports as a key indicator of near-term health.
What happens next
Boyd Gaming will release its third-quarter earnings report on Oct. 22, 2026.
Further reading
For more market analysis and equity research, visit the Stock Picks section.
Live Poll
Is now a good time for you to invest in regional casino stocks?
