
MGM Resorts International (MGM)
40.37 USD +6.00 (+17.46%) Volume: 17.97M
MGM Resorts International’s stock price surged to $40.37, a significant rise of +17.46% in this trading session with a hefty trading volume of 17.97M shares, reflecting a robust year-to-date performance of +16.51%, showcasing the firm’s strong market traction.
Latest developments on MGM Resorts International
MGM Resorts International has seen a surge in its stock price today following the release of its Q4 2024 earnings report, which revealed record revenue and strategic growth. Despite a slight profit dip in MGM China, the overall revenue for the company reached $17.2 billion in 2024, largely driven by growth in China and digital betting platforms. Analysts have praised MGM Resorts’ performance, with Deutsche Bank adjusting its price target to $48 and maintaining a buy rating. The company is also targeting a revenue of $2.4-$2.5 billion for its digital expansion in 2025, particularly focusing on BetMGM. With strong bookings and profitability track, investors are optimistic about the future prospects of MGM Resorts International.
MGM Resorts International on Smartkarma
Analysts at Baptista Research have published a bullish report on MGM Resorts International on Smartkarma. The report titled “MGM Resorts International: Focusing on High-Value Casino Operations To Redefine the Industry! – Major Drivers” highlights the company’s strong performance in its Third Quarter 2024 Earnings Call. CEO Bill Hornbuckle and key executives reported record consolidated net revenues and impressive performance by its subsidiary, MGM China. Baptista Research aims to evaluate the factors influencing the company’s price in the near future and conduct an independent valuation using a Discounted Cash Flow (DCF) methodology.
A look at MGM Resorts International Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking at the Smartkarma Smart Scores for MGM Resorts International, the company has a strong outlook for growth with a score of 4. This indicates that MGM Resorts is expected to see positive growth in the long term, which could bode well for its future success. However, the company’s dividend score is lower at 1, suggesting that it may not be as attractive for investors seeking regular income from dividends.
In terms of value, MGM Resorts International scores a 3, indicating that the company is fairly valued based on its current metrics. Its resilience score is a 2, showing that the company may face some challenges in terms of weathering economic downturns or other unforeseen events. With a momentum score of 3, MGM Resorts has moderate momentum in the market, indicating some level of investor interest and activity in the company.
Summary: MGM Resorts International operates gaming, hospitality, and entertainment resorts in various locations in the United States and Macau. The company also provides hospitality management services for properties worldwide.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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