Stifel has revised its price target for Monarch Casino & Resort, Inc. (MCRI, Financial), reducing it from $90 to $81 while maintaining a Hold rating on the stock. Despite Monarch surpassing expectations with a 4% higher adjusted EBITDA in the first quarter, Stifel is exercising caution due to broader economic uncertainties and unique legal expenses impacting the firm.
In response to these developments, Stifel has slightly increased its projections for Monarch's adjusted EBITDA for the years 2025 and 2026 by 1% and 2% respectively. However, the lowered price target reflects the firm's cautious stance in light of the macroeconomic landscape and the financial implications of ongoing litigation.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Monarch Casino & Resort Inc (MCRI, Financial) is $89.20 with a high estimate of $100.00 and a low estimate of $81.00. The average target implies an upside of 12.39% from the current price of $79.37. More detailed estimate data can be found on the Monarch Casino & Resort Inc (MCRI) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Monarch Casino & Resort Inc's (MCRI, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" 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 Monarch Casino & Resort Inc (MCRI, Financial) in one year is $81.59, suggesting a upside of 2.8% from the current price of $79.37. 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 Monarch Casino & Resort Inc (MCRI) Summary page.
