VICI Properties (NYSE:VICI) has a price target of $33 set by Wedbush, indicating a potential upside of 14.62%.
The company has exceeded analysts’ revenue expectations in the third quarter, showcasing strong financial performance.
VICI’s stable credit rating of BBB- from S&P, with a stable outlook, reflects its financial stability and ability to meet financial obligations.
VICI Properties (NYSE:VICI) is a real estate investment trust (REIT) that specializes in gaming, hospitality, and entertainment properties. The company owns a diverse portfolio of properties, including some of the most iconic casinos and resorts in the United States. VICI competes with other REITs in the hospitality and entertainment sectors, such as MGM Growth Properties and Gaming and Leisure Properties.
On January 2, 2025, Richard Anderson from Wedbush set a price target of $33 for VICI, suggesting a potential upside of approximately 14.62% from its then-current trading price of $28.79. Despite recent declines in stock performance due to rising U.S. 10-year yields, VICI’s stock has shown resilience. As of today, the stock is priced at $29.21, reflecting a $0.20 increase, or approximately 0.69%.
VICI Properties has demonstrated strong financial performance, exceeding analysts’ revenue expectations in the third quarter. This positive performance is noteworthy given the challenging market conditions. The company’s market capitalization is approximately $30.79 billion, with a trading volume of 3,747,014 shares, indicating robust investor interest.
The company’s credit rating of BBB- from S&P, with a stable outlook, underscores its financial stability. This rating is crucial for investors as it reflects the company’s ability to meet its financial obligations. Despite fluctuations in stock price, VICI’s stable credit rating provides confidence to investors.
Over the past year, VICI’s stock has experienced a high of $34.29 and a low of $27.075. The stock’s current trading range, with a low of $28.845 and a high of $29.21 today, shows some volatility. However, the potential upside indicated by Wedbush’s price target suggests room for growth, making VICI an interesting prospect for investors.
