
Golden Entertainment (GDEN) Stock Forecast & Price Target
Golden Entertainment (GDEN) Analyst Ratings
Bulls say
Golden Entertainment's performance in the second quarter of the fiscal year demonstrated solid growth, primarily driven by its Nevada Locals Casinos segment, which experienced a 7% year-over-year increase in EBITDA, accompanied by a notable EBITDA margin expansion of 170 basis points to 46%. The company's management has indicated that favorable local trends have continued into the third quarter, with further advantages anticipated stemming from new tax legislation set to take effect in 2026. Additionally, the strong positioning of the southern Nevada gaming market is expected to contribute to consistent growth for Golden Entertainment, with management forecasting a return to growth starting in the fourth quarter.
Bears say
Golden Entertainment Inc. experienced a decline in revenue and EBITDA in the second quarter, with revenues decreasing by 2% and EBITDA down by 7% year-over-year, both falling short of consensus estimates. The company’s Tavern segment faced heightened promotional pressures, leading to a significant drop in revenues and EBITDA of 7% and 25%, respectively. Additionally, occupancy rates at The STRAT fell to 60%, reflecting a broader trend impacting Strip operators, which further constrained the company's overall 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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