
MGM Resorts (MGM) Stock Forecast & Price Target
MGM Resorts (MGM) Analyst Ratings
Bulls say
MGM Resorts International is expected to experience continued growth, driven by its strong business diversification and high market share on the Las Vegas Strip. The company's focus on becoming a global entertainment leader, along with its solid balance sheet and supportive shareholders, bode well for its future success. Despite a marginally negative quant model outlook, MGM reported solid Q1 results and remains optimistic for the rest of the year, with improvements in convention business and renovated properties expected to contribute to EBITDA growth. Risks to consider include general economic downturns and conflicts with its JV partner and sports betting operations.
Bears say
MGM Resorts International is facing potential decreases in revenues due to leisure consumer malaise, a low performance in their regional properties, and lower-than-expected EBITDAR in Macau. While the company has a strong global presence and a highly diversified portfolio, the current economic climate and competitive environment may hinder growth potential in the near future. As a result, a negative outlook on the stock is warranted.
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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