
Golden Entertainment (GDEN) Stock Forecast & Price Target
Golden Entertainment (GDEN) Analyst Ratings
Bulls say
Golden Entertainment Inc. demonstrated solid performance in the second quarter, with EBITDA from its Nevada Locals Casinos increasing by 7% year-over-year, resulting in an expanded EBITDA margin of 46%. Management reported positive trends continuing into the third quarter and anticipates further benefits from new tax legislation in 2026, indicating a favorable outlook for future growth. Additionally, the company repurchased $15 million in shares, reflecting confidence in its market position within the robust southern Nevada gaming market, which is characterized by positive economic forecasts.
Bears say
Golden Entertainment's second quarter financial results indicate a decline in both revenues and EBITDA, with revenues decreasing by 2% and EBITDA dropping by 7% year-over-year, falling short of consensus expectations. The company's Tavern segment faced a particularly challenging promotional environment, leading to a significant year-over-year decline in revenues and EBITDA by 7% and 25%, respectively. Additionally, occupancy rates at The STRAT declined sharply to 60%, contributing to a notable decline in overall EBITDA performance despite some mitigation strategies implemented during the quarter.
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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