Monarch Casino & Resort Receives 'Moderate Buy' Rating from Analysts

Analysts see potential in the casino resort's diversified revenue streams and growth prospects.

Mar. 29, 2026 at 8:42am

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An extreme close-up of the interlocking metal gears and mechanisms of a bank vault, conveying the industrial might and security of financial institutions.The complex machinery powering Monarch Casino & Resort's diverse revenue streams reflects the company's financial strength and growth potential.Reno Today

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) has been assigned a 'Moderate Buy' consensus rating from seven research analysts covering the company. The analysts' average 12-month price target for the stock is $99.80.

Why it matters

Monarch Casino & Resort operates an integrated casino resort in Reno, Nevada, with diverse revenue streams from gaming, hotel accommodations, food and beverage, and conventions. The 'Moderate Buy' rating suggests analysts see potential in the company's growth prospects and ability to navigate the competitive casino industry.

The details

The analysts' ratings include four 'hold' recommendations, two 'buy' recommendations, and one 'strong buy' recommendation. Weiss Ratings reiterated a 'buy (b-)' rating, while Zacks Research upgraded the stock from 'hold' to 'strong-buy'. Wells Fargo & Company maintained an 'equal weight' rating and raised the price target to $93.00.

  • Monarch Casino & Resort reported Q4 2025 earnings on February 4, 2026.
  • The company paid a quarterly dividend of $0.30 per share on March 16, 2026.

The players

Monarch Casino & Resort, Inc.

An owner and operator of an integrated casino resort in Reno, Nevada, with diversified revenue streams across gaming, hotel, food and beverage, and conventions.

John Farahi

Chief Executive Officer of Monarch Casino & Resort, who sold 2,000 shares of the company's stock on March 16, 2026.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, Grocery employee

What’s next

Monarch Casino & Resort is expected to report its Q1 2026 earnings in early May 2026.

The takeaway

Monarch Casino & Resort's diversified revenue streams, growth prospects, and ability to navigate the competitive casino industry have analysts cautiously optimistic about the company's future performance.