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A goal of applied ecology is to evaluate how demographic rates contribute to population growth and how demography might be manipulated to achieve management objectives. In western North America, many feral horse ( Equus caballus ) populations occupying public lands are protected by federal law and managed for site-specific numerical targets. However, feral horses can exhibit population growth rates exceeding 20% per yr, which can lead to overpopulation, and therefore conflict with other permitted land uses. In response, some stakeholder groups have advocated for natural solutions to the problem of rapid growth and overabundance. Mountain lion ( Puma concolor ) predation has been hypothesized to have suppressive effects on horse population growth rates under some conditions. Here, we evaluated the degree to which this phenomenon might reduce feral horse growth rates using elasticity analysis, scenario analysis with simulations, and an empirical state-space model for a horse population in southeastern Nevada subject to chronic predation. Age-specific elasticities revealed that annual population growth rates (λ) were more sensitive to perturbations in foal and yearling survival rates than for older age-classes. This finding, in conjunction with empirical measures indicating that foals comprised approximately 60% of horses killed by mountain lions, suggests that predation may have greater potential to reduce horse population growth rates than previously recognized. Scenario analysis predicted that horse populations could decrease to target levels within 10 years if predation reduced: (1) annual foal survival by 80% each year, or (2) annual survival rates of foals, yearlings, and 2-year olds by >60%. The state-space model indicated that the heavily predated Nevada horse population experienced positive population growth during 2022 and 2023 (λ = 1.07, both years). Using information on known predation-caused mortalities from 2020–2021, our model predicted that population growth rate in the absence of predation (‘predicted λ’) would have been approximately twice as high (predicted λ 2020 = 1.14; predicted λ 2021 = 1.14 in 2021). Taken together, our results suggest that predation is unlikely to singularly induce stable or negative population growth of feral horses. That said, our findings suggest two aspects of predation that may benefit resource managers. First, chronic predation may reduce λ, thereby increasing the time required for populations to either recover from declines, or exceed management objectives; and second, predation may be most effective in achieving management objectives for horse populations when combined with other interventions, such as removals or fertility control treatments.