MGM Resorts International (MGM) Stock AnalysisMGMMGM 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 not a strong buy due to its low RSI of 29.53 indicating oversold conditions, and a significant year-to-date decline of 23.10%. The current price of $28.06 is below the 200-day simple moving average of $39.20, suggesting a bearish trend. However, insider buying has increased by 161.90% over the last quarter, indicating potential confidence from insiders. The main risk is the recent downgrade from Citi, which lowered its price target from $48 to $32, reflecting concerns over visitation trends in Las Vegas and Macau.

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