MGM Resorts International (MGM) Stock AnalysisMGMStock AnalysisMGM Resorts International

MGM Resorts International is a global gaming and entertainment company with national and international destinations featuring hotels and casinos, meetings and conference spaces, incredible live and theatrical entertainment experiences, and a range of restaurants, nightlife and retail offerings. Its segment includes Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. Las Vegas Strip Resorts consists of casino resorts: Aria, Bellagio, The Cosmopolitan of Las Vegas, MGM Grand Las Vegas, Mandalay Bay, Luxor, New York-New York, Excalibur, and Park MGM. Regional Operations consists of various casino properties: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George’s County, Maryland; MGM Springfield in Springfield, Massachusetts; Empire City in Yonkers, New York, and others. MGM Digital is its online gaming portfolio which consists of LeoVegas. It operates in the Consumer Cyclicals sector (HOTELS & MOTELS industry).

MGM Resorts International is currently at a price of $42.28, which is below the average analyst price target of $50.96, indicating potential for upside. However, the RSI is at a low 21.231, suggesting the stock is oversold and may not be a good entry point for a long-term investor right now. The stock has seen a 5-day change of -3.34%, which reflects recent downward momentum. The main risk is the forward P/E ratio of 21.7391, which indicates that the stock may be overvalued compared to its earnings growth prospects.

17 analysts cover MGM: 13 rate it Buy, 4 Hold and 0 Sell. The average price target is 40.31.