Analyst Praveen Choudhary from Morgan Stanley maintained a Hold rating on Galaxy Entertainment Group (GXYEF – Research Report) and keeping the price target at HK$35.00.
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Praveen Choudhary’s rating is based on a combination of factors that suggest a balanced outlook for Galaxy Entertainment Group. The company’s gaming revenue in the second quarter of 2025 showed an 8% year-over-year increase, which is expected to bolster industry EBITDA margins. This growth was partly driven by Galaxy’s expanded capacity at Capella and a series of concerts that boosted market share.
Despite these positive developments, the stock is rated Hold, indicating that while there is potential for growth, the current share price already reflects these improvements. The projected 8% year-over-year increase in corporate EBITDA, which is 11% above consensus expectations, supports this cautious stance. The analysis suggests a high probability of achieving these financial targets, but investors are advised to consider this report as one of many factors in their decision-making process.