MGM Stock Could Rise 60% If It Recovers To Pre-Inflation Shock Highs
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MGM Resorts stock is currently trading at $32, which is 36% below its pre-inflation shock high of $50. The decline is attributed to the collapse of Macau operations due to Covid-19 restrictions. If the stock recovers to its previous highs, it could see a 60% increase.
January 15, 2025 | 10:15 am
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MGM Resorts stock is currently trading at $32, down 36% from its pre-inflation high of $50. The decline is due to the impact of Covid-19 restrictions on Macau operations. A recovery to previous highs could result in a 60% increase in stock price.
MGM's stock price is significantly affected by its Macau operations, which were hit hard by Covid-19 restrictions. As these restrictions ease, there is potential for recovery in tourist inflows and business operations, which could drive the stock price back to its previous highs.
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