Mizuho lifts Vail Resorts target to $216, maintains Outperform

Published 09/06/2025, 12:24
Mizuho lifts Vail Resorts target to $216, maintains Outperform

On Monday, Mizuho (NYSE:MFG) Securities expressed confidence in Vail Resorts (NYSE:MTN), slightly raising the company’s price target from $215.00 to $216.00. The firm kept its Outperform rating on the stock, signaling optimism about the company’s performance. Ben Chaiken, an analyst at Mizuho, noted that Vail Resorts’ quarterly results aligned with expectations, particularly in terms of Resort EBITDA, which matched the consensus estimate from Wall Street. Currently trading at $150.43, InvestingPro analysis suggests the stock is undervalued, with a P/E ratio of 19.43 and an attractive dividend yield of 5.9%.

Vail Resorts reported that skier visits decreased by 3.7% year-over-year, which was a smaller decline than Mizuho’s forecasted 4.4% drop and contrasted with Wall Street’s anticipation of relatively stable visitation numbers. Despite the decrease in pass units before the 2025 season and challenges faced by Park City (NYSE:TRAK), the company managed to grow its EBITDA by an estimated 6%, after accounting for various adjustments. The company’s last twelve months EBITDA stands at $844.01 million, with revenue growth of 2.38%. InvestingPro data reveals 8 additional key insights about Vail Resorts’ financial health and growth potential, available exclusively to subscribers.

Chaiken outlined several adjustments made to the EBITDA calculation, including a $9 million CEO cost, $15 million in transformation expenses, $1 million related to mergers and acquisitions, a $6 million foreign exchange impact, and a $15 million compensation headwind. Moreover, the analyst pointed out a $16 million positive EBITDA impact from Crans, $35 million in cost savings, and a suspected $10 million or more headwind from Park City.

The analysis by Mizuho indicates that despite some operational challenges, Vail Resorts has demonstrated an ability to maintain financial growth. The slight increase in the price target reflects a nuanced view of the company’s earnings potential, considering the various factors affecting its performance. With the Outperform rating unchanged, Mizuho’s stance suggests that Vail Resorts is well-positioned to continue on its current trajectory.

In other recent news, Vail Resorts reported its earnings for the second quarter of 2025, showing an earnings per share (EPS) of $10.54, which exceeded analysts’ expectations of $10.17. However, the company slightly missed its revenue forecast, posting $1.3 billion against the expected $1.31 billion. Despite the revenue shortfall, Vail Resorts maintained a positive outlook with fiscal 2025 net income guidance between $264 million and $298 million and EBITDA guidance ranging from $831 million to $851 million. Analysts from Mizuho raised the price target for Vail Resorts’ stock to $216 from $215, maintaining an Outperform rating, following the company’s quarterly performance. The company demonstrated resilience, with a 3% increase in resort net revenue year-to-date, driven by a 4% rise in season pass revenue. The report also highlighted several factors affecting financial performance, including cost savings and foreign exchange impacts. Vail Resorts continues to invest in innovation and infrastructure, such as the introduction of the Epic Australia four-day pass and enhancements to the MyEpic app.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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