MGM Resorts International with ticker code (MGM) have now 15 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 72 and 40 calculating the mean target price we have 51.98. With the stocks previous close at 33.87 this now indicates there is a potential upside of 53.5%. The 50 day moving average now sits at 32.73 and the 200 moving average now moves to 38.09. The company has a market cap of $13,373m. You can visit the company’s website by visiting: https://www.mgmresorts.com
The potential market cap would be $20,524m based on the market concensus.
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company’s casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.
