Galaxy Entertainment’s Stock Gets a Fresh Boost from Analysts

Morgan Stanley’s analyst Praveen Choudhary kept a “Buy” recommendation for Galaxy Entertainment Group, setting a target price of HK$44. 00 on February 26. The shares finished the previous day at HK$41. 44, leaving room for upside. Choudhary’s track record shows a modest average return of 0. 6 % and a success rate just over fifty percent, earning him two stars on TipRanks. Still, his outlook remains positive. Across the market, most analysts favor Galaxy Entertainment with a “Strong Buy” stance. The average target price among them is HK$48. 43, suggesting a potential gain of about 17 % from today’s level.DBS also backs the company, assigning a “Buy” rating and a target of HK$47. 61 in its latest report. The company’s recent earnings demonstrate solid growth. For the quarter ending June 30, Galaxy Entertainment reported revenue of HK$23. 25 billion and a net profit of HK$5. 24 billion, up from HK$21. 47 billion and HK$4. 39 billion respectively a year earlier. These figures indicate the firm is expanding its business and improving profitability, which may justify the bullish analyst consensus.