
Golden Entertainment (GDEN) Stock Forecast & Price Target
Golden Entertainment (GDEN) Analyst Ratings
Bulls say
Golden Entertainment Inc. demonstrates a strong financial positioning with its robust balance sheet, characterized by a net leverage of approximately 2x and $240 million in additional liquidity, which facilitates opportunistic share repurchases and potential mergers and acquisitions. Management's positive outlook for the southern Nevada gaming market, supported by a stable local customer base and improving trends in the Locals market, highlights the company's ability to attract and retain customers amid moderate promotional activities. Furthermore, the company is experiencing a favorable earnings multiple, currently trading at 7.3x projected 2025 earnings before interest, taxes, depreciation, and amortization (EBITDA), with expectations of multiple expansion as it simplifies its operations, aligning closer to peers in the gaming industry.
Bears say
Golden Entertainment's third-quarter revenues and EBITDA fell short of consensus estimates by 1%, affected by extreme summer heat that led to decreased visitation at casino properties and taverns. Furthermore, the company experienced a decline in midweek occupancy at the Strat by 6 percentage points, compounded by external factors such as an election and weaker performance in its second year of F1, suggesting challenges in attracting guests. Additionally, the stock is showing weak Earnings Momentum, reflecting recent earnings downgrades and a lack of favor among sell-side analysts, which collectively contribute to a negative outlook for the company’s financial performance.
This aggregate rating is based on analysts' research of Golden Entertainment and is not a guaranteed prediction by Public.com or investment advice.
Golden Entertainment (GDEN) Analyst Forecast & Price Prediction
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