
Golden Entertainment (GDEN) Stock Forecast & Price Target
Golden Entertainment (GDEN) Analyst Ratings
Bulls say
Golden Entertainment demonstrated strong performance in the second quarter, particularly within its Nevada Locals Casinos segment, which achieved a 7% year-over-year increase in EBITDA and saw its EBITDA margin expand by 170 basis points to 46%. Management highlighted the continuation of positive local trends into the third quarter and expressed optimism regarding future benefits from upcoming tax legislation in 2026. Additionally, the company executed a share repurchase program amounting to $15 million, reflecting confidence in its financial position and the potential for sustained growth, particularly in the southern Nevada gaming market, which is regarded as one of the strongest in the U.S.
Bears say
Golden Entertainment's financial performance in the second quarter revealed a concerning trend, with the tavern segment experiencing a notable decline in revenue and EBITDA, down 7% and 25% year-over-year, respectively. Despite maintaining positive EBITDA for the STRAT property in early April and May, occupancy dropped significantly to 60% in June, reflecting broader challenges faced by Strip operators, while overall EBITDA only declined by 5% due to mitigation efforts. Moreover, the company's reported revenues and EBITDA of $163 million and $38.4 million were both below consensus estimates, further contributing to a negative outlook on its stock.
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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