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.


# Galaxy Entertainment Group: Analyst Consensus & Strong Growth Signals

**Morgan Stanley Analyst Praveen Choudhary**
- **Recommendation:** *Buy*
- **Target Price:** HK$44.00  
  *(Shares closed at HK$41.44 the previous day, leaving upside potential.)*

**Choudhary’s Track Record**
- Average return: 0.6 %  
- Success rate: >50 % (two stars on TipRanks)  

**Market Overview**
- Majority of analysts issue *Strong Buy* ratings.  
- **Average target price:** HK$48.43 – a potential ~17 % upside from today’s level.

**DBS Rating**
- *Buy* with a target of HK$47.61 in its latest report.

**Recent Earnings Highlights (Q2 FY24)**
- **Revenue:** HK$23.25 billion (↑ from HK$21.47 billion YoY)  
- **Net Profit:** HK$5.24 billion (↑ from HK$4.39 billion YoY)

These robust earnings figures underscore the company’s expanding business and improving profitability, reinforcing the bullish consensus among analysts.



Galaxy Entertainment’s Stock Gets a Fresh Boost from Analysts

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