Breaking Down MGM Resorts Intl: 7 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
MGM Resorts Intl (NYSE:MGM) has received mixed analyst ratings over the past quarter, with a recent shift towards more bullish views. The average 12-month price target for MGM is now $55.29, marking an 8.41% increase from the previous target of $51.00. Analysts from firms including Mizuho, Morgan Stanley, JMP Securities, Macquarie, JP Morgan, and Barclays have updated their ratings and price targets, reflecting various adjustments based on MGM's market performance and financial health. MGM's financial indicators show strong revenue growth, net margin, ROE, and ROA, but a high debt-to-equity ratio suggests financial risk.
March 26, 2024 | 1:00 pm
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POSITIVE IMPACT
MGM Resorts Intl has seen a positive shift in analyst ratings, with an updated average 12-month price target of $55.29. Financial indicators highlight strong performance but caution due to high debt.
The increase in MGM's average 12-month price target and the positive adjustments in analyst ratings suggest a bullish outlook for the stock in the short term. The company's strong financial performance, particularly in revenue growth and profitability metrics, supports this positive sentiment. However, the high debt-to-equity ratio introduces a level of financial risk that investors should consider. The combination of these factors leads to a positive score, with high relevance and importance due to the direct impact on investor perception and potential stock price movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100