Jefferies analyst David Katz has maintained their bullish stance on VICI stock, giving a Buy rating yesterday.
David Katz has given his Buy rating due to a combination of factors that highlight VICI Properties’ strong growth potential and stable business model. The company’s expanding partnerships and strategic capital deployment are key drivers of earnings growth, providing a solid foundation for future opportunities. Additionally, the stability in the interest rate environment supports the company’s disciplined investment strategies, enhancing its overall financial outlook.
VICI’s recent financial results, including a robust AFFO/share guidance for 2025, underscore its strong performance and potential for continued growth. The positive outlook for Las Vegas, driven by tourism and capital enhancements by operating partners, further bolsters the company’s prospects. Moreover, VICI’s strategic relationships and potential funding opportunities, such as those with Cain and Eldridge, offer additional avenues for growth. Katz’s valuation of VICI at peer-level multiples, despite its relatively shorter track record, reflects confidence in the company’s ability to compress the gap with its peers over time.
Katz covers the Consumer Cyclical sector, focusing on stocks such as MGM Resorts, DraftKings, and Gambling.com. According to TipRanks, Katz has an average return of 8.9% and a 46.19% success rate on recommended stocks.
In another report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $34.00 price target.