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 not a good buy right now due to its current price of $28.60, which is significantly below the analyst price targets ranging from $32 to $55. The RSI is at a low 21.49, indicating oversold conditions, but the recent downgrades from multiple analysts reflect concerns about falling visitation and revenue trends in key markets like Las Vegas and Macau. Additionally, the stock has seen a 24.36% decline over the past 20 days, suggesting ongoing weakness. The main risk is the forward P/E ratio of 17.36, which indicates that despite potential recovery, the stock may still be overvalued relative to its earnings prospects.

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