MRDN trades 105.4% below Wall Street's consensus target of $26.40.
Last 12 months price action with 12-month analyst target path
The base valuation assumes MRDN achieves its forward estimates and maintains a stable P/E multiple of 17.6x. This scenario reflects the blended consensus of 1 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, Meridian Holdings Inc. (MRDN) has a Wall Street consensus price target of $26.40, based on estimates from 1 covering analysts. With the stock currently trading at $8.68, this represents a potential upside of +105.4%. The company has a market capitalization of $110M.
Analyst price targets range from a low of $21.60 to a high of $36.00, representing a 55% spread in expectations. The median target of $21.60 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 1 analysts rating the stock as a Buy or Strong Buy,0 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, MRDN trades at a trailing P/E of -1.4x and forward P/E of 17.6x. Analysts expect EPS to grow +110.4% over the next year.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 DKNGDraftKings Inc. | $9.2B | $18.51 | $32.33 | +74.7% | Buy | — | 48 |
 GENIGenius Sports Limited | $1.5B | $5.97 | $10.25 | +71.7% | Buy | — | 19 |
 PENNPENN Entertainment, Inc. | $2.3B | $17.43 | $25.00 | +43.4% | Buy | 19.6x | 47 |
 RSIRush Street Interactive, Inc. | $1.5B | $12.28 | $31.30 | +154.9% | Buy | 20.1x | 17 |
 ACMRACM Research, Inc. | $2.9B | $44.61 | $122.75 | +175.2% | Buy | 20.1x | 10 |
 PLTKPlaytika Holding Corp. | $928M | $2.44 | $3.44 | +41.0% | Hold | 7.8x | 17 |
 SRADSportradar Group AG | $4.0B | $13.54 | $18.36 | +35.6% | Buy | 62.7x | 21 |
 MGMMGM Resorts International | $8.1B | $32.34 | $42.18 | +30.4% | Buy | 20.5x | 37 |
 CZRCaesars Entertainment, Inc. | $6.0B | $29.23 | $31.00 | +6.1% | Hold | — | 31 |
 WYNNWynn Resorts, Limited | $8.6B | $83.11 | $118.82 | +43.0% | Buy | 19.8x | 46 |
Quick answers to the most common questions about buying MRDN stock.
The consensus Wall Street price target for MRDN is $26.4, representing 105.4% upside from the current price of $8.68. With 1 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
MRDN has a consensus rating of "Buy" based on 1 Wall Street analysts. The rating breakdown is predominantly bullish, with 1 Buy/Strong Buy ratings. The consensus 12-month price target of $26.4 implies 105.4% upside from current levels.
With a forward P/E of 17.6027x, MRDN trades at a relatively low valuation. The consensus target of $26.4 implies 105.4% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $36 for MRDN, while the most conservative target is $21.6. The consensus of $26.4 represents the median expectation. These targets typically reflect 12-month expectations.
MRDN is lightly followed, with 1 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 1 have Buy ratings, 0 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month MRDN stock forecast based on 1 Wall Street analysts shows a consensus price target of $26.4, with estimates ranging from $21.6 (bear case) to $36 (bull case). The median consensus rating is "Buy".
MRDN trades at a forward P/E ratio of 17.6x based on next-twelve-months earnings estimates. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on MRDN, with a "Buy" consensus rating and $26.4 price target (105.4% upside). 1 of 1 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
MRDN analyst price targets range from $21.6 to $36, a 55% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $26.4 consensus represents the middle ground.
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