MGM Resorts International found using ticker (MGM) have now 14 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 76 and 40 with a mean TP of 53.63. Given that the stocks previous close was at 27.67 this now indicates there is a potential upside of 93.8%. The 50 day moving average now sits at 36.33 while the 200 day moving average is 41.87. The company has a market capitalisation of $11,644m. Company Website: https://www.mgmresorts.com
The potential market cap would be $22,568m 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.
