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Morgan Stanley Lowers Vail Resorts (MTN) Price Target, Citing Weak Rockies Conditions

Vail Resorts, Inc. (NYSE:MTN) is included among the 13 Extreme Dividend Stocks with Huge Upside Potential.

On March 12, Morgan Stanley lowered its price recommendation on Vail Resorts, Inc. (NYSE:MTN) to $147 from $151. It reiterated an Equal Weight rating on the shares. The firm also reduced its 2026 EPS estimate to $4.77 from $6.40, reflecting what it described as “historically challenging conditions” in the Rockies that pushed Q2 visitation down 13% during the quarter. The analyst said visitation is likely to face similar pressure in Q3.

During the fiscal Q2 2026 earnings call, CEO and Executive Chairman Robert Katz said the company faced an unusually difficult winter season. He explained that the Rockies experienced what he called the most challenging weather conditions the company had seen, with snowfall and snowpack levels at or near historic lows. Katz said those conditions weighed heavily on visitation and overall performance. He also noted that the Rockies represent the company’s largest contributor to resort EBITDA. Because of that, the weak weather conditions had a particularly strong negative impact on results.

He also discussed the company’s advanced commitment strategy and its role in providing some stability. Katz noted that pass unit sales have grown 55% over the past five years. Pass holders now account for roughly 75% of total annual visitation. Katz also pointed to ongoing efforts to diversify the company’s portfolio and strengthen its marketing strategy. As part of those efforts, the company introduced a new young adult pass priced about 20% below the standard rate for individuals between the ages of 13 and 30. He also highlighted the launch of a new marketing campaign called Epic Passion. The campaign is aimed at increasing engagement among Gen Z consumers.

Vail Resorts, Inc. (NYSE:MTN) operates a network of destination and close-to-home ski resorts around the world. Its portfolio includes Vail Mountain, Breckenridge, Park City Mountain, Whistler Blackcomb, Stowe, and 32 additional resorts.

While we acknowledge the risk and potential of MTN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MTN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading into 2026 and 15 Best Dividend Leaders to Buy Right Now.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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