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Oppenheimer maintained its Outperform rating and $60.00 price target on Six Flags (NYSE:SIX) Entertainment (NYSE:FUN) Monday despite weather challenges affecting the theme park operator’s second quarter performance. According to InvestingPro data, analyst targets range from $33 to $60, suggesting significant upside potential from current levels around $30.
The investment firm lowered its Q2 2025 EBITDA estimate to $336 million from $347 million, citing the impact of a wet spring that could potentially pressure season pass sales and per capita spending. Approximately 40% of pass sales occur between late April and June, making this period critical for the company’s revenue stream. The stock has faced significant pressure, trading near its 52-week low of $28.02, with a 38% decline year-to-date.
Six Flags management, including CEO Richard Zimmerman and COO Tim Fisher, continues to focus on improving guest experience, believing that higher NPS (Net Promoter Score) metrics drive attendance, customer loyalty, and overall spending. The company has not observed any softening in consumer behavior beyond weather-related impacts. InvestingPro analysis shows analysts expect 24% revenue growth this year, with the company projected to return to profitability. Get access to 8 more exclusive ProTips and comprehensive analysis with an InvestingPro subscription.
Despite the Q2 adjustment, Oppenheimer maintained its full-year 2025 estimates for Six Flags, noting that approximately 70% of annual attendance has yet to occur. The fall season has become increasingly important to the company’s annual performance.
The theme park operator faces ongoing weather challenges, including difficult conditions this past weekend, but management remains committed to executing its customer experience strategy throughout the remainder of the 2025 season.
In other recent news, Six Flags Entertainment has been the focus of several analyst evaluations following its investor event. UBS maintained a Buy rating with a consistent price target of $49, highlighting a cautious but positive outlook on the company’s financial prospects. The UBS forecast for Six Flags’ earnings before interest, taxes, depreciation, and amortization (EBITDA) for the fiscal year 2025 is slightly below consensus estimates, with a projected compound annual growth rate (CAGR) of 8% through 2028. Meanwhile, Stifel raised its price target for Six Flags to $50, maintaining a Buy rating and expressing confidence in the company’s conservative financial goals, which include achieving $1.5 billion in adjusted EBITDA by 2028. Jefferies also increased its price target to $42, citing Six Flags’ ambitious financial targets, including a 6% CAGR for revenue and nearly 44% for adjusted free cash flow by 2028. The analysts at Jefferies described the company’s strategy as a "prove-it story," emphasizing key milestones in the second quarter and second half of 2025. Six Flags’ focus on reducing leverage and increasing cash flow generation was noted as essential for aligning with historical EBITDA multiples. These recent developments reflect a cautious optimism among analysts about Six Flags’ strategic initiatives and financial trajectory.
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