MGM Resorts International has been trailing behind its competitors in recent performance. While the long-term potential of the company stays in question, multiple smart investors like Raymond James & Associates and Sequoia Financial Advisors have increased their stakes in
MGM. The main attention grabber is the
partnership with Marriott International, with plans to transform the Delano Las Vegas property into a W Hotel, introducing a unique luxury experience in Vegas. Despite some fluctuations in predicted target prices, Morgan Stanley's latest prediction stands at
$44.00. Amid these developments,
MGM has also rung the earnings' bell and announced third quarter 2024 Earnings Release Date. Expectations continue to rise in favor of this cyclical stock< because of its dominance in Las Vegas coupled with resurrection in Macao. The latest project that stands out is the sports betting and iGaming venture launched in Brazil with Grupo Globo. A significant dip in the value of the stock YTD has sparked discussions on whether it's the right time to invest in
MGM, while Ken Fisher exhibits bullish sentiments.
MGM beat Q2 estimates owing to recovery in its Macau business, which also marked a period of record revenue from China and Las Vegas. To focus on sustainable operations, plans to double the access to solar electricity have been disclosed, while the company continues to contribute towards water conservation.
Mgm Resorts International MGM News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sat, 26 Oct 2024 19:51:20 GMT -
Rating 4
- Innovation 3
- Information 5
- Rumor 3
