
MGM Resorts (MGM) Stock Forecast & Price Target
MGM Resorts (MGM) Analyst Ratings
Bulls say
MGM Resorts International is a global gaming and entertainment company with a strong business diversification (58% Vegas, 25% Regional, 11% Macau, 6% Digital), a solid balance sheet, and supportive shareholders with the goal to be a global entertainment leader. Despite potential headwinds in the online market and competition in the Vegas market, the company's solid group and convention business, as well as potential upside from BetMGM, MGM China, Japan, and NY, support its potential for multiple expansion and a return to growth in the near future. However, shares may be sensitive to the performance of the Vegas market and the ongoing leisure consumer malaise, and it is rated as a Hold with a $42 price target based on a multiple of ~5x 2027E EBITDAR.
Bears say
MGM Resorts International is facing several challenges that could impact its long-term performance and financials. These include an inefficiently converting investment to earnings, resulting in a low profitability style exposure. Additionally, despite efforts to attract budget-conscious guests through all-inclusive offerings, weather and one-time expenses have weakened its regional performance. While management remains optimistic about future growth opportunities, there are potential regulatory and competitive challenges in both the Macau and online gaming markets. Overall, MGM's weaknesses in profitability and vulnerability to external factors lead to a negative outlook for the stock.
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
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