Stifel analyst Steven Wieczynski has revised the price target for Six Flags Entertainment (FUN, Financial), reducing it from $64 to $52. Despite this adjustment, the analyst maintains a Buy rating on the stock. The decision reflects the firm's anticipation of a moderate economic downturn, which has prompted a reassessment of financial estimates for both Six Flags Entertainment and United Parks & Resorts (PRKS).
The updated outlook arises amid a challenging macroeconomic environment, leading the firm to believe that it is prudent to factor in a potential recession. However, Stifel perceives that these companies may currently represent some of the most undervalued stocks in their coverage. According to the analyst, the market seems to have already accounted for nearly the worst-case economic scenario in the valuations of these companies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Six Flags Entertainment Corp (FUN, Financial) is $50.21 with a high estimate of $62.00 and a low estimate of $41.00. The average target implies an upside of 55.51% from the current price of $32.29. More detailed estimate data can be found on the Six Flags Entertainment Corp (FUN) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Six Flags Entertainment Corp's (FUN, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Six Flags Entertainment Corp (FUN, Financial) in one year is $45.32, suggesting a upside of 40.35% from the current price of $32.29. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Six Flags Entertainment Corp (FUN) Summary page.
