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Barchart
Dipanjan Banchur

What Are Wall Street Analysts' Target Price for MGM Resorts Stock?

MGM

Based in Las Vegas, Nevada, MGM Resorts International (MGM) owns and operates hotels and casinos, state-of-the-art meetings and conference spaces, and live and theatrical entertainment experiences. Valued at $10.69 billion by market cap, the company’s resorts portfolio encompasses 31 unique hotel and gaming destinations globally, including some of the most familiar resort brands such as Bellagio, MGM Grand, Mandalay Bay, and The Mirage. 

Shares of this global gaming and entertainment company have underperformed the broader market considerably over the past year. MGM has declined 22.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 16.1%. In 2024 alone, MGM stock is down 22%, while the SPX is up 9% on a YTD basis.

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