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Monarch Casino & Resort Inc has a consensus price target of $86 based on the ratings of 6 analysts. The high is $100 issued by Truist Securities on January 14, 2025. The low is $76 issued by Macquarie on July 25, 2024. The 3 most-recent analyst ratings were released by Truist Securities, Jefferies, and Wells Fargo on January 14, 2025, January 3, 2025, and December 16, 2024, respectively. With an average price target of $89 between Truist Securities, Jefferies, and Wells Fargo, there's an implied 5.70% upside for Monarch Casino & Resort Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Monarch Casino & Resort (NASDAQ:MCRI) was reported by Truist Securities on January 14, 2025. The analyst firm set a price target for $100.00 expecting MCRI to rise to within 12 months (a possible 18.76% upside). 9 analyst firms have reported ratings in the last year.
The latest analyst rating for Monarch Casino & Resort (NASDAQ:MCRI) was provided by Truist Securities, and Monarch Casino & Resort upgraded their buy rating.
The last upgrade for Monarch Casino & Resort Inc happened on January 14, 2025 when Truist Securities raised their price target to $100. Truist Securities previously had a hold for Monarch Casino & Resort Inc.
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.
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 January 14, 2025 so you should expect the next rating to be made available sometime around January 14, 2026.
While ratings are subjective and will change, the latest Monarch Casino & Resort (MCRI) rating was a upgraded with a price target of $82.00 to $100.00. The current price Monarch Casino & Resort (MCRI) is trading at is $84.20, which is within the analyst’s predicted range.
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