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P/E Ratio
Volume Traded Today
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MGM Resorts International Market Cap
Based on ratings from 17 stock analysts, the MGM Resorts International stock price is expected to increase by 34.23% in 12 months. This is calculated by using the average 12-month stock price forecast for MGM Resorts International. The lowest target is $41.91 and the highest is $63. Please note analyst price targets are not guaranteed and could be missed completely.
MGM Resorts International has a total of 17 Wall St Analyst ratings. There are 13 buy ratings, 4 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that MGM Resorts International will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of MGM.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Carlo Santarelli Deutsche Bank | Buy | $52 | Maintains | Oct 1, 2024 |
| Stephen Grambling Morgan Stanley | Equal-Weight | $43 | Maintains | Sep 4, 2024 |
| Chad Beynon Macquarie | Outperform | $55 | Maintains | Aug 2, 2024 |
| Steven Wieczynski Stifel | Buy | $63 | Maintains | Aug 1, 2024 |
| Joseph Stauff Susquehanna | Positive | $55 | Maintains | Aug 1, 2024 |
| Daniel Politzer Wells Fargo | Overweight | $53 | Maintains | Aug 1, 2024 |
| Jordan Bender JMP Securities | Market Outperform | $57 | Maintains | Aug 1, 2024 |
| Jordan Bender JMP Securities | Market Outperform | $59 | Maintains | Jul 17, 2024 |
| Daniel Politzer Wells Fargo | Overweight | $55 | Maintains | Jul 16, 2024 |
| Stephen Grambling Morgan Stanley | Equal-Weight | $44 | Maintains | Jul 12, 2024 |
| Clark Lampen BTIG | Buy | $53 | Initiates | Jul 3, 2024 |
| Jordan Bender JMP Securities | Market Outperform | $58 | Maintains | May 6, 2024 |
| Joseph Stauff Susquehanna | Positive | $54 | Upgrade | May 2, 2024 |
| Brandt Montour Barclays | Overweight | $56 | Maintains | May 2, 2024 |
| Ben Chaiken Mizuho | Buy | $62 | Maintains | May 2, 2024 |
| Joseph Greff JP Morgan | Overweight | $57 | Maintains | May 2, 2024 |
| Vitaly Umansky Seaport Global | Buy | $56 | Initiates | Apr 15, 2024 |
| Stephen Grambling Morgan Stanley | Equal-Weight | $46 | Maintains | Apr 9, 2024 |
| Ben Chaiken Mizuho | Buy | $61 | Initiates | Mar 26, 2024 |
| Stephen Grambling Morgan Stanley | Equal-Weight | $45 | Maintains | Feb 28, 2024 |
When did it IPO
1990
Staff Count
58,000
Country
United States
Sector/Industry
Consumer Cyclical/Resorts & Casinos
CEO
Mr. William Joseph Hornbuckle IV
Market Cap
$12.00B
In 2023, MGM generated $16.16B in revenue, which was a increase of 23.13% from the previous year. This can be seen as a signal that MGM's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Wed, 25 Sep 2024
Sentiment - NEUTRAL
Source - The Motley Fool
Summary - The business has a strong competitive advantage and robust cash flow, indicating potential stability and profitability for investors.
Why It Matters - A wide moat indicates competitive advantages, while strong cash flow suggests financial stability and potential for growth, making the business an attractive investment opportunity.
Fri, 20 Sep 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - MGM Resorts International will attend the Deutsche Bank 32nd Annual Leveraged Finance Conference on September 24, 2024.
Why It Matters - MGM Resorts' participation in a major finance conference could signal potential growth opportunities, attract investor interest, and influence stock performance.
Thu, 19 Sep 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - A vegan burger chain is launching limited-edition menu items at Mandalay Bay and Luxor in Las Vegas, part of PEPSI® Dig In's Restaurant Royalty Residency, enhancing visibility for participating restaurants.
Why It Matters - The launch of exclusive menu items by a popular vegan burger chain at major Las Vegas resorts can boost foot traffic and sales, signaling strong brand partnerships and growth potential in the food sector.
Tue, 17 Sep 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - MGM Resorts' BetMGM has signed a multi-year agreement with USA TODAY Sports to provide integrated sports betting odds and information across a wide network.
Why It Matters - The BetMGM-USA TODAY Sports deal enhances BetMGM's visibility and accessibility, potentially increasing user engagement and market share in the competitive sports betting landscape.
Thu, 12 Sep 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - MGM Resorts International has signed a power purchase agreement with Escape Solar LLC, more than doubling its access to solar electricity, advancing its sustainability goals.
Why It Matters - MGM Resorts' commitment to doubling solar electricity access enhances its sustainability profile, potentially reducing energy costs and appealing to eco-conscious investors, positively impacting long-term growth.
Wed, 11 Sep 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - Macau's casino industry is experiencing heightened regulatory scrutiny, economic challenges, and changing investor sentiment.
Why It Matters - Intense scrutiny and economic pressures in Macau's casino industry could impact profitability, leading to potential declines in stock prices and altering investment strategies.
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