
MGM Resorts (MGM) Stock Forecast & Price Target
MGM Resorts (MGM) Analyst Ratings
Bulls say
MGM Resorts International is a leading resort operator with a strong presence in the Las Vegas market and growing international assets. The company has a solid track record of delivering value to its shareholders and is well-positioned to capitalize on the recovery of the Las Vegas tourism market. The recent sale of its Northfield property at a premium multiple and its planned expansion in Japan further support its strong long-term outlook. Despite some headwinds in the current quarter, MGM's diversified business and focus on non-gaming amenities make it a compelling investment opportunity with favorable risk/reward.
Bears say
MGM Resorts International is facing a number of challenges that contribute to our negative outlook, including a decline in regional earnings and a decrease in net revenues. Additionally, the company has experienced a slowdown in leisure demand in Vegas and faces increased competition in the sports betting and online gaming space. The recent increase in branding fees in Macau also puts pressure on earnings and could impact the company's profitability in the future. Overall, we believe MGM's heavy focus on the gaming industry leaves them vulnerable to market fluctuations and the company may struggle to maintain consistent growth in the long term.
This aggregate rating is based on analysts' research of MGM Resorts and is not a guaranteed prediction by Public.com or investment advice.
MGM Resorts (MGM) Analyst Forecast & Price Prediction
Start investing in MGM Resorts (MGM)
Order type
Buy in
Order amount
Est. shares
0 shares