Analyst Expectations For MGM Resorts Intl's Future
Portfolio Pulse from Benzinga Insights
Analyst ratings for MGM Resorts Intl (NYSE:MGM) show a diverse range of perspectives, with recent updates indicating a generally positive outlook. The average 12-month price target for MGM has increased to $55.00, up 7.23% from $51.29, with ratings ranging from 'Overweight' to 'Buy' and price targets adjusting upwards. 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. The company's dominant position in the Las Vegas Strip and expanding operations, including U.S. sports and iGaming, contribute to its positive assessment.
May 02, 2024 | 5:00 pm
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POSITIVE IMPACT
Analyst ratings for MGM Resorts Intl are positive, with an increased average price target of $55.00. The company's strong financial performance and strategic market position contribute to a favorable outlook.
The positive analyst ratings and upward adjustments in MGM's price targets reflect confidence in the company's financial health and growth prospects. The significant revenue growth, high net margin, and strategic expansions in key markets like Las Vegas and iGaming sectors are likely to continue driving investor optimism in the short term. However, the high debt-to-equity ratio is a point of concern that investors should monitor.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100