
MGM Resorts (MGM) Stock Forecast & Price Target
MGM Resorts (MGM) Analyst Ratings
Bulls say
MGM Resorts International operates as the largest resort operator on the Las Vegas Strip, representing approximately 25% of the market with significant contributions from various properties, 59% of total EBITDAR in 2024 stemming from the Strip. The company demonstrated resilience in Macau with EBITDAR of $255 million, a slight decline year-over-year but exceeding consensus expectations, while also seeing growth in market share, indicating strong performance in the premium mass segment. MGM's strong balance sheet positions it well for future growth in digital ventures and international expansions, with anticipated positive trends in revenue from its digital segment, and ongoing renovations and record convention bookings suggest favorable conditions for continued EBITDA growth in Vegas.
Bears say
MGM Resorts International has experienced a significant 40% reduction in its float since 2021, indicating a tightening of share availability that may pressure future liquidity and trading dynamics. In the fourth quarter of 2024, the company's Las Vegas properties reported EBITDAR of $765 million, a decline of 11% year-over-year, highlighting the challenges of maintaining profitability amid tough comparatives from the previous year. Furthermore, the rising marketing expenditures for BetMGM and the increasing costs associated with sustaining market share suggest financial strains that may impact future performance.
This aggregate rating is based on analysts' research of MGM Resorts and is not a guaranteed prediction by Public.com or investment advice.
MGM Resorts (MGM) Analyst Forecast & Price Prediction
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