A Closer Look at 9 Analyst Recommendations For MGM Resorts Intl
Portfolio Pulse from Benzinga Insights
Recent analyst evaluations of MGM Resorts Intl (NYSE:MGM) show diverse opinions, with 9 analysts offering ratings ranging from bullish to bearish. The average 12-month price target is $54.33, indicating a 9.76% increase from the previous target. Analyst actions include maintaining, raising, and lowering ratings, reflecting their views on MGM's market position. MGM's financial performance is strong, with significant revenue growth, high net margin, and robust ROE and ROA, despite a high debt-to-equity ratio.
April 15, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
MGM Resorts Intl has received diverse analyst ratings, with an updated average 12-month price target of $54.33, reflecting a positive outlook despite a high debt-to-equity ratio. The company's strong financial performance, including revenue growth and profitability, supports a bullish sentiment.
The updated analyst ratings and increased price target for MGM Resorts Intl suggest a positive short-term impact on its stock price. The bullish sentiment is supported by MGM's strong financial performance, including significant revenue growth and profitability metrics. However, the high debt-to-equity ratio presents a risk factor that is mitigated by the company's overall strong market position and growth prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100