Goldman slashes price target on VICI Properties Inc [VICI] – find out why.

ETSY Stock

VICI Properties Inc [NYSE: VICI] stock went on an upward path that rose over 0.47% on Thursday, amounting to a one-week price increase of more than 1.63%.

Over the last 12 months, VICI stock rose by 5.73%. The one-year VICI Properties Inc stock forecast points to a potential upside of 10.23. The average equity rating for VICI stock is currently 1.42, trading closer to a bullish pattern in the stock market.

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The market cap for the stock reached $33.26 billion, with 1.05 billion shares outstanding and 1.04 billion shares in the current float. Compared to the average trading volume of 5.97M shares, VICI stock reached a trading volume of 4693528 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on VICI Properties Inc [VICI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VICI shares is $35.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VICI stock is a recommendation set at 1.42. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for VICI Properties Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 08, 2023. While these analysts kept the previous recommendation, Wedbush raised their target price to Neutral. The new note on the price target was released on October 03, 2023, representing the official price target for VICI Properties Inc stock. Previously, the target price had yet another raise to $36, while Wells Fargo analysts kept a Overweight rating on VICI stock. On July 05, 2023, analysts decreased their price target for VICI shares from 39 to 34.

The Average True Range (ATR) for VICI Properties Inc is set at 0.57, with the Price to Sales ratio for VICI stock in the period of the last 12 months amounting to 8.88. The Price to Book ratio for the last quarter was 1.29, with the Price to Cash per share for the same quarter was set at 0.33. Price to Free Cash Flow for VICI in the course of the last twelve months was 14.59.

VICI Stock Performance Analysis:

VICI Properties Inc [VICI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.63. With this latest performance, VICI shares gained by 2.88% in over the last four-week period, additionally plugging by 8.77% over the last 6 months – not to mention a rise of 5.73% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VICI stock in for the last two-week period is set at 67.08, with the RSI for the last a single of trading hit 68.78, and the three-weeks RSI is set at 65.17 for VICI Properties Inc [VICI]. The present Moving Average for the last 50 days of trading for this stock 29.55, while it was recorded at 31.49 for the last single week of trading, and 29.60 for the last 200 days.

VICI Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VICI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for VICI Properties Inc go to 6.30%.

VICI Properties Inc [VICI] Institutonal Ownership Details

The top three institutional holders of VICI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in VICI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in VICI stock with ownership which is approximately 5.1238%.