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A Quick Look at Today's Ratings for MGM Resorts International(MGM.US), With a Forecast Between $42 to $54

Futu News ·  Oct 31 21:00  · Ratings

On Oct 31, major Wall Street analysts update their ratings for $MGM Resorts International (MGM.US)$, with price targets ranging from $42 to $54.

Morgan Stanley analyst Stephen Grambling maintains with a hold rating, and maintains the target price at $44.

BofA Securities analyst Shaun Kelley maintains with a hold rating, and maintains the target price at $42.

Barclays analyst Brandt Montour maintains with a buy rating, and adjusts the target price from $54 to $50.

Truist Financial analyst Barry Jonas maintains with a buy rating, and adjusts the target price from $56 to $54.

JMP Securities analyst Jordan Bender maintains with a buy rating, and adjusts the target price from $56 to $54.

Furthermore, according to the comprehensive report, the opinions of $MGM Resorts International (MGM.US)$'s main analysts recently are as follows:

  • The volatility seen in Las Vegas gaming coupled with a significant margin miss in Macau contributed to a challenging third quarter for MGM Resorts.

  • MGM Resorts' third quarter is expected to be perceived as underwhelming, mainly due to subdued performance in Las Vegas. It is anticipated that the company will encounter several challenges in the Vegas market, which are likely to prompt a revision of Street estimates.

Here are the latest investment ratings and price targets for $MGM Resorts International (MGM.US)$ from 5 analysts:

StockTodayLatestRating_nn_205145_20241031_en

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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