Optima Bank has resumed coverage of Bally’s Intralot with a “buy” rating and a target price of €1.41 per share. The valuation is based on a discounted cash flow (DCF) model and implies an upside potential of approximately 19.4% relative to the closing price on June 10, 2026.
In its report, Optima describes Bally’s Intralot as a global provider of gaming technology and lottery systems, with a presence in 40 countries and long-term contracts that ensure recurring revenue.
The transaction between Intralot and Bally’s Interactive, which was completed in October 2025 and created a strong player with significant exposure to the rapidly growing online gaming sector, is considered crucial for the group. Optima notes that Bally’s Interactive had revenue of €709 million and EBITDA of €283 million in 2024, with the majority of its business coming from the UK market.
At the same time, the brokerage views the potential acquisition of Evoke as a significant catalyst, which could add up to €0.40 per share to the company’s fair value, thanks to synergies estimated at approximately €200 million annually.
For the period 2025–2030, Optima forecasts an average annual sales growth rate of 21.7% and EBITDA growth of 23.5%, alongside improved leverage and strong free cash flow generation—factors that support its positive investment view on the stock.