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Monarch Casino & Resort

MCRINASDAQ
Logo brought to you by Benzinga Data
$76.65
00.00%
At close: Sep 19, 4:37 PM EDT
$76.65
00.00%
After Hours: 4:37 PM EDT
15 minutes delayed
Consensus Rating1
Hold
Highest Price Target1
$96.00
Lowest Price Target1
$70.00
Consensus Price Target1
$81.40

Monarch Casino & Resort (NASDAQ:MCRI) Stock, Analyst Ratings, Price Targets, Forecasts

Monarch Casino & Resort Inc has a consensus price target of $81.4 based on the ratings of 5 analysts. The high is $96 issued by Stifel on April 21, 2022. The low is $70 issued by Stifel on January 5, 2024. The 3 most-recent analyst ratings were released by Macquarie, Truist Securities, and Macquarie on July 25, 2024, July 25, 2024, and April 18, 2024, respectively. With an average price target of $75.67 between Macquarie, Truist Securities, and Macquarie, there's an implied -1.28% downside for Monarch Casino & Resort Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
1
Apr
1
Jul
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.0
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Macquarie
Truist Securities
Stifel
Stifel
Jefferies

1calculated from analyst ratings

Analyst Ratings for Monarch Casino & Resort

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Monarch Casino & Resort (MCRI) stock?

A

The latest price target for Monarch Casino & Resort (NASDAQ:MCRI) was reported by Macquarie on July 25, 2024. The analyst firm set a price target for $76.00 expecting MCRI to fall to within 12 months (a possible -0.85% downside). 8 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Monarch Casino & Resort (MCRI)?

A

The latest analyst rating for Monarch Casino & Resort (NASDAQ:MCRI) was provided by Macquarie, and Monarch Casino & Resort maintained their neutral rating.

Q

When was the last upgrade for Monarch Casino & Resort (MCRI)?

A

The last upgrade for Monarch Casino & Resort Inc happened on October 20, 2022 when Stifel raised their price target to $77. Stifel previously had a hold for Monarch Casino & Resort Inc.

Q

When was the last downgrade for Monarch Casino & Resort (MCRI)?

A

The last downgrade for Monarch Casino & Resort Inc happened on January 5, 2024 when Stifel changed their price target from N/A to $70 for Monarch Casino & Resort Inc.

Q

When is the next analyst rating going to be posted or updated for Monarch Casino & Resort (MCRI)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Monarch Casino & Resort, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Monarch Casino & Resort was filed on July 25, 2024 so you should expect the next rating to be made available sometime around July 25, 2025.

Q

Is the Analyst Rating Monarch Casino & Resort (MCRI) correct?

A

While ratings are subjective and will change, the latest Monarch Casino & Resort (MCRI) rating was a maintained with a price target of $76.00 to $76.00. The current price Monarch Casino & Resort (MCRI) is trading at is $76.65, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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