Bullish indicating open at $55-$60, IPO prices at $37
Investing.com - Goldman Sachs has lowered its price target on United Parks & Resorts (NYSE:PRKS) to $50.00 from $53.00 while maintaining a Neutral rating on the stock.
The firm cited continued pressure on underlying fundamentals expected for the remainder of the year, despite the company’s attendance impact from Epic Universe being less severe than anticipated.
Goldman Sachs noted that United Parks & Resorts likely increased discounting and spending on advertising, events, and wages to maintain attendance levels, while non-Orlando parks have been experiencing declining attendance trends.
The investment bank reduced its 2025 EBITDA forecast for the company to $659 million from $681 million previously, reflecting more muted expectations for the theme park operator’s performance.
Goldman Sachs identified potential positive catalysts including the company’s $500 million share repurchase program, possible land monetization, and sponsorship revenue opportunities that could provide support for the stock in the near term. InvestingPro analysis highlights management’s aggressive share buybacks and the company’s strong return over the last five years. Get access to 7 additional exclusive ProTips and comprehensive valuation metrics with InvestingPro.
In other recent news, United Parks & Resorts Inc. reported its second-quarter 2025 earnings, which fell short of analysts’ expectations. The company announced an earnings per share (EPS) of $1.45, missing the forecasted $1.84, resulting in a negative surprise of 21.2%. Additionally, the company’s revenue was reported at $490.2 million, below the anticipated $502.7 million. These figures indicate a shortfall in both earnings and revenue, which are crucial metrics for investors. The earnings miss has garnered attention from analysts and investors alike. This development may impact future evaluations and recommendations from financial analysts. As such, stakeholders are closely monitoring the company’s performance in light of these recent results.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.