70/100BVICI Properties stock forecast 2026–2029
Analysts' average 12-month price target for VICI Properties is 28.90, 16.5% above the current price of 24.80. Their targets range from 24.00 to 32.00.
Of the 15 firms that rated VICI Properties in the past 12 months, 9 rate it buy or strong buy, 6 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 24.00 to 32.00, with an average of 28.90.
| Strong buy | 0 | |
| Buy | 9 | |
| Hold | 6 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 32.00 |
| Average target | 28.90 |
| Lowest target | 24.00 |
| Current price | 24.80 |
VICI Properties price target history
Have analysts recently raised or lowered their VICI Properties price target and rating?
How analysts rate VICI Properties, month by month
9 of 15 firms rate it buy now, against 12 of 15 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
VICI Properties analyst upgrades, downgrades and price targets
The latest rating change came on 24 September 2026, when JP Morgan downgraded VICI Properties from Overweight to Neutral. The most recent new target came from Stifel Nicolaus on 29 October 2026: 30.75.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 29 Oct 2026 | Stifel Nicolaus Simon Yarmak | Reiterated · Buy | 30.75 | — | 23.52 |
| 20 Oct 2026 | Truist Financial | Reiterated · Buy | 32.00 | — | 23.47 |
| 20 Oct 2026 | Barclays | Reiterated · Overweight | 31.00 → 28.00 | -9.7% | 23.10 |
| 19 Oct 2026 | Wells Fargo John Kilichowski | Reiterated · Equal Weight | 26.00 → 24.00 | -7.7% | 23.60 |
| 24 Sept 2026 | Scotiabank Greg McGinniss | Reiterated · Sector Perform | 29.00 → 26.00 | -10.3% | 23.22 |
| 24 Sept 2026 | JP Morgan | Downgraded · Overweight → Neutral | — | — | — |
| 21 Sept 2026 | Evercore ISI | Reiterated · In Line | 32.00 → 30.00 | -6.3% | 23.91 |
| 15 Sept 2026 | Morgan Stanley | Reiterated · Equal Weight | 31.00 → 29.00 | -6.5% | 25.04 |
| 2 Sept 2026 | Mizuho Securities | Reiterated · Neutral | 30.00 → 27.00 | -10.0% | 25.54 |
| 1 Sept 2026 | Wells Fargo | Reiterated · Equal Weight | 27.00 → 26.00 | -3.7% | 25.65 |
| 13 Aug 2026 | Raymond James | — | 29.00 | — | 26.37 |
| 31 Jul 2026 | Deutsche Bank | — | 31.00 → 30.00 | -3.2% | 26.25 |
| 30 Jul 2026 | Robert W. Baird | — | 32.00 | — | 26.22 |
| 22 Jul 2026 | Barclays | Reiterated · Overweight | 34.00 → 31.00 | -8.8% | 26.58 |
| 15 Jul 2026 | Wells Fargo | Reiterated · Equal Weight | 27.00 | — | 26.28 |
| 8 Jul 2026 | Morgan Stanley | Reiterated · Equal Weight | 31.00 | — | 26.77 |
| 25 Jun 2026 | RBC Capital Brad Heffern | — | 29.00 | — | 26.73 |
| 18 Jun 2026 | Scotiabank Greg McGinniss | Reiterated · Sector Perform | 32.00 → 29.00 | -9.4% | 26.80 |
| 12 May 2026 | Scotiabank Greg McGinniss | Reiterated · Sector Perform | 30.00 → 32.00 | +6.7% | 28.92 |
| 4 May 2026 | Deutsche Bank | — | 31.00 | — | 28.46 |
| 21 Apr 2026 | Barclays | Reiterated · Overweight | 33.00 → 34.00 | +3.0% | 28.80 |
| 11 Mar 2026 | Mizuho | Downgraded · Outperform → Neutral | — | — | — |
| 9 Mar 2026 | Cantor Fitzgerald Richard Anderson | — | 33.00 → 34.00 | +3.0% | 29.50 |
| 2 Feb 2026 | Scotiabank | Downgraded · Sector Outperform → Sector Perform | — | — | — |
| 30 Jan 2026 | Scotiabank Greg McGinniss | — | 36.00 → 30.00 | -16.7% | 27.68 |
| 5 Jan 2026 | Cantor Fitzgerald | — | 35.00 → 33.00 | -5.7% | 27.86 |
| 17 Dec 2025 | Mizuho Securities | Reiterated · Outperform | 30.00 | — | 28.31 |
| 3 Dec 2025 | Barclays | Reiterated · Overweight | 37.00 → 33.00 | -10.8% | 28.45 |
| 1 Dec 2025 | Evercore ISI | Downgraded · Outperform → In Line | 32.00 | — | 28.82 |
| 18 Nov 2025 | Wells Fargo | Downgraded · Overweight → Equal Weight | — | — | — |
VICI Properties EPS and revenue estimates
Analysts expect VICI Properties's EPS to grow 6.6% a year until 2027. Over the last 5 years it grew 8.3% a year, and over the last 3 years 27.1%.
Analysts expect VICI Properties's revenue to grow 3.6% a year until 2028, slower than over the last 5 years (26.7% a year) and the last 3 years (15.5%).
Revenue
EPS
Does VICI Properties beat earnings estimates?
On average, analysts' EPS estimate was 20.0% off the result, either way, and their revenue estimate 0.8%, over the last 12 quarters.
- EPS beats
- 14 / 36
- Revenue beats
- 27 / 36
- Average EPS surprise, last 12
- -4.5%
- Since
- March 2018
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 28 Oct 2026 | 0.72 | 0.31 | -56.9% | 1.06B | 1.07B | +0.5% |
| Q2 FY2026 | 29 Jul 2026 | 0.71 | 0.48 | -32.7% | 1.04B | 1.06B | +1.9% |
| Q1 FY2026 | 29 Apr 2026 | 0.71 | 0.82 | +16.0% | 1.01B | 1.02B | +0.4% |
| Q4 FY2025 | 25 Feb 2026 | 0.70 | 0.57 | -18.1% | 1.01B | 1.01B | +0.4% |
| Q3 FY2025 | 30 Oct 2025 | 0.59 | 0.71 | +20.3% | 1.01B | 1.02B | +0.3% |
| Q2 FY2025 | 30 Jul 2025 | 0.60 | 0.82 | +36.7% | 993.90M | 1.00B | +0.7% |
| Q1 FY2025 | 30 Apr 2025 | 0.58 | 0.51 | -12.1% | 977.03M | 984.20M | +0.7% |
| Q4 FY2024 | 20 Feb 2025 | 0.67 | 0.58 | -13.4% | 969.29M | 976.05M | +0.7% |
| Q3 FY2024 | 31 Oct 2024 | 0.67 | 0.70 | +4.5% | 971.78M | 964.67M | -0.7% |
| Q2 FY2024 | 31 Jul 2024 | 0.68 | 0.71 | +4.4% | 952.44M | 957.00M | +0.5% |
| Q1 FY2024 | 1 May 2024 | 0.66 | 0.57 | -13.6% | 936.67M | 951.48M | +1.6% |
| Q4 FY2023 | 22 Feb 2024 | 0.65 | 0.72 | +10.8% | 921.18M | 931.87M | +1.2% |
VICI Properties stock price 2026–2029: scenarios
If VICI Properties's earnings keep growing at the 6.6% a year analysts expect to FY2027, it would earn about 3.37 a share in FY2029. At the P/E it has traded at over the last five years (10.8 to 25.5) that is 36.27 to 85.88 a share, or 52.03 at its average P/E of 15.5. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 2.58 | 27.77 | 39.83 | 65.75 |
| FY2027 | 2.96 | 31.93 | 45.81 | 75.62 |
| FY2028 (extrapolated) | 3.16 | 34.03 | 48.82 | 80.58 |
| FY2029 (extrapolated) | 3.37 | 36.27 | 52.03 | 85.88 |
Each year's EPS is the analysts' consensus to FY2027; the years after continue its 6.6% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (10.8, 15.5, 25.5).
Is VICI Properties stock undervalued or overvalued?
VICI Properties's P/E of 11.4 is near the bottom of its 5-year range (10.4 to 34.6, median 13.0). Analysts expect slower growth than in recent years, so the low P/E may be deserved. Buyers pay about the usual price for each point of growth: a PEG of 1.7 on expected growth against 1.6 on its median P/E and past five years' growth. At its usual P/E (12.8 × EPS of 2.18), VICI Properties's fair value is 27.84; the price, 24.80, is 10.9% below it. Its forward P/E, on the consensus for FY2026, is 9.6.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (10.4 and 27.2). The price against its P/E range
- Price to earnings ratio (TTM)
- 11.38
- Five-year median P/E
- 13.04
- Five-year P/E range
- 10.4 – 34.6
- Forward P/E (FY2026)
- 9.62
- PEG ratio
- 1.73
- To the average target
- +16.5%
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