Citi analyst James Hardiman has maintained their bullish stance on FUN stock, giving a Buy rating on October 7.
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James Hardiman’s rating is based on the recent developments involving Six Flags Entertainment Corporation, particularly the significant stake taken by activist investor JANA Partners. The involvement of high-profile investors like NFL player Travis Kelce and former CEO of Gap, Glenn Murphy, suggests a strong potential for strategic improvements and value enhancement. These investors plan to collaborate with Six Flags’ management to improve the guest experience and increase shareholder value, which is a positive indicator for the company’s future performance.
Despite recent challenges with declining footfall trends, the expectation of a 28.8% share price return by November 2025 provides a compelling upside for investors. This optimistic outlook, coupled with the strategic engagement by JANA Partners, forms the basis for Hardiman’s Buy rating on Six Flags Entertainment Corporation’s stock.
According to TipRanks, Hardiman is a 4-star analyst with an average return of 7.0% and a 46.32% success rate. Hardiman covers the Consumer Cyclical sector, focusing on stocks such as Camping World Holdings, Thor Industries, and Winnebago Industries.
In another report released on October 7, Texas Capital Securities also initiated coverage with a Buy rating on the stock with a $28.00 price target.