
Golden Entertainment (GDEN) Stock Forecast & Price Target
Golden Entertainment (GDEN) Analyst Ratings
Bulls say
Golden Entertainment Inc. demonstrated robust performance in the second quarter, particularly in the Nevada Locals Casinos segment, where EBITDA increased by 7% year-over-year and the EBITDA margin expanded by 170 basis points to 46%. Additionally, management expressed optimism regarding positive local trends continuing into the third quarter, alongside anticipated benefits from new tax legislation set for implementation in 2026. The company's share repurchase of $15 million further reflects its confidence in the long-term growth potential, especially within the favorable economic outlook of the southern Nevada gaming market.
Bears say
Golden Entertainment reported a decline in its Tavern segment revenues and EBITDA, with year-over-year drops of 7% and 25%, respectively, primarily due to an increasingly competitive promotional environment. Moreover, while the STRAT experienced a transient positive EBITDA in early months, occupancy rates fell significantly in June to 60%, contributing to a modest 5% EBITDA decline that reflects ongoing challenges in the broader Strip market. The overall financial performance for the second quarter showed revenues and EBITDA amounting to $163 million and $38.4 million, respectively, which fell short of consensus estimates by 2% and 1%.
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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