Mizuho raises Vail Resorts stock price target after EBITDA results

Published 06/06/2025, 12:44
Mizuho raises Vail Resorts stock price target after EBITDA results

On Friday, Mizuho (NYSE:MFG) analysts raised the price target for Vail Resorts stock (NYSE: NYSE:MTN) to $216 from $215, while maintaining an Outperform rating. Currently trading at $154.90, InvestingPro analysis suggests the stock is undervalued, with a Fair Value calculation based on multiple valuation methods. The decision follows the company’s quarterly performance, which aligned closely with expectations despite some challenges.

The analysts noted that the quarter’s results were largely anticipated, with high expectations driven by aggressive skier visit assumptions. Resort EBITDA for the period came in at $647.7 million, slightly below the Street’s forecast of $647.0 million, but above Mizuho’s own estimate of $639.3 million. The company’s trailing twelve-month EBITDA stands at $850.68 million, demonstrating sustained operational strength. Skier visits decreased by 3.7% year-over-year, compared to the firm’s projection of a 4.4% decline.

Despite the decrease in skier visits, Vail Resorts saw its EBITDA grow by approximately 6% in 2025. This growth is considered noteworthy given the decline in pass units and challenges faced by Park City (NYSE:TRAK). Adjustments included $9 million in CEO costs, $15 million in transformation expenses, $1 million in M&A, $6 million related to foreign exchange, and a $15 million compensation headwind.

The report highlighted several factors affecting the company’s financial performance, including a $16 million positive swing in EBITDA from Crans, $35 million in cost savings, and an anticipated $10 million headwind from Park City. These elements contributed to the overall financial picture for Vail Resorts during the quarter.

The Mizuho analysts’ updated price target reflects confidence in Vail Resorts’ ability to navigate the complexities of the current market environment while maintaining strong financial performance.

In other recent news, Vail Resorts reported its second-quarter earnings for 2025, exceeding analysts’ expectations with an earnings per share (EPS) of $10.54, surpassing the forecasted $10.17. However, the company fell short on revenue, posting $1.3 billion against the anticipated $1.31 billion. Despite the revenue miss, the company maintains a positive outlook with a fiscal 2025 net income guidance set between $264 million and $298 million. Vail Resorts also provided an EBITDA guidance range of $831 million to $851 million for fiscal 2025. The company continues to focus on its resource efficiency transformation plan, aiming for $100 million in annualized cost efficiencies by the end of fiscal 2026. Furthermore, Vail Resorts is committed to enhancing its product offerings, including the introduction of the Epic Australia four-day pass. Analysts from firms like Bank of America and Stifel have shown interest in the company’s strategies to drive lift ticket sales and improve guest experience. These recent developments reflect Vail Resorts’ efforts to navigate market challenges and drive future growth.

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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