$FUN

U.S. consumer stocks rose last week, with Hasbro (HAS), Kohl's (KSS), and Boston Beer (SAM) leading gains. Hasbro's revenue beat estimates, raising its 2026 forecast. Kohl's was upgraded to 'Buy'. Boston Beer's earnings beat but revenue missed. LKQ (LKQ), Six Flags (FUN), and Brinker (EAT) lagged.

Analysts reiterated Buy ratings on SpaceX (SPCX) with a $250.00 target, Six Flags (FUN) with a $17.00 target, and LB Pharmaceuticals (LBRX) with a $53.00 target. Consensus targets suggest 61.5%, 126.6%, and 58.0% upside respectively.

Citizens reduced its price target for Six Flags (NYSE:FUN) to $14 from $24, citing weaker Q3 2026 traffic and liquidity concerns. The stock trades at $7.07, near its 52-week low. Analysts note short-term pressures but potential long-term stability. Six Flags reported Q2 revenue of $865M, down 7% from expectations. Other analysts also lowered targets due to operational challenges and incidents.

Six Flags (NYSE:FUN) shares fell 9% after Mizuho cut its price target to $5.00, citing liquidity concerns, cash flow deficits, and high debt. Guggenheim also lowered its target to $17.00, citing weak attendance and operational issues. Both analysts highlighted financial and operational challenges.

Six Flags (FUN) shares fell 10% to $7.06, and United Parks (PRKS) dropped 5% to $30.13 after a fatal accident on a Six Flags roller coaster. Live Nation (LYV) remained steady, and the S&P 500 rose, indicating the selloff is specific to theme park safety concerns. Six Flags has lost over half its value since January, while United Parks, which owns SeaWorld and Busch Gardens, also saw declines.

Guggenheim cut its price target on Six Flags (NYSE:FUN) to $17 from $28, citing weaker Q3 trends due to weather and lowered Q4 projections following a fatal incident and ride closures. The stock is near its 52-week low, down 48.76% year-to-date. Guggenheim reduced its EBITDA forecasts for Q3, Q4, and 2026. Despite challenges, some analysts suggest the stock is undervalued.

Palantir (PLTR) shares rose after beating earnings estimates, with revenue up 18% YoY to $525M. Apple (AAPL) hit an all-time high, with reports suggesting increased production of its foldable iPhone Duo. GameStop (GME) reached a 52-week high as CEO Ryan Cohen continued buying shares. Six Flags (FUN) shares dropped 16.5% after a fatal roller coaster incident. WF Holding (WFF) and Skydance (SKYD) shares fell due to dilution concerns and warrant adjustments.

UBS reduced its price target for Six Flags (FUN) to $18 from $27, citing softer Q3 visitation and uncertainty around a Georgia park incident. The firm maintains a Buy rating, estimating a 2-3 ppt decline in 2027 visitation and a $40-$50M EBITDA impact. Shares are seen as pricing in a more severe impact without evidence of systemic safety failures.

Six Flags Entertainment, parent of Dorney Park, reaffirmed its commitment to safety after a fatal incident at Six Flags Over Georgia. The company closed similar coasters across its parks, including those at Great Adventure and Magic Mountain. Six Flags shares (NYSE: FUN) fell to a 16-year low at $9.39, with a market cap of $1.04 billion, down 55% year-over-year and 80% in five years. The company reports Q3 2024 earnings on November 5.

Major U.S. indices closed lower on Tuesday. Bank of America (BAC) fell 1.14% to $53.96, facing $1.21B in penalties. Johnson & Johnson (JNJ) dropped 5.73% to $248.61 despite beating earnings. Six Flags (FUN) plunged 14.43% to $10.20 after a roller coaster incident. Citigroup (C) declined 5.60% to $124.53 but reported strong Q3 earnings. Applied Materials (AMAT) fell 6.69% to $464.24, projecting AI-driven growth.