MGM Resorts rises as stock crosses above key SMA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 08 Jan 26
Source: NASDAQ.COM
MGM Resorts International's stock increased by 5.03% as it crossed above the 5-day SMA, indicating positive momentum in the stock's performance.
This movement occurs amid broader market weakness, with the Nasdaq-100 down 0.62% and the S&P 500 slightly up by 0.06%. The stock's rise suggests a potential sector rotation as investors may be shifting their focus despite the overall market conditions.
The implications of this price movement could indicate a growing confidence in MGM Resorts, particularly as it navigates challenges such as increased licensing fees for its China operations, which have recently impacted investor sentiment.
Analyst Views on MGM
Wall Street analysts forecast MGM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MGM is 40.31 USD with a low forecast of 29.00 USD and a high forecast of 56.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
5 Buy
7 Hold
2 Sell
Hold
Current: 32.750
Low
29.00
Averages
40.31
High
56.00
Current: 32.750
Low
29.00
Averages
40.31
High
56.00
About MGM
MGM Resorts International is a global gaming and entertainment company with national and international locations featuring hotels and casinos, meetings and conference spaces, live and theatrical entertainment experiences, and a range of restaurant, nightlife and retail offerings. The Company’s segments include Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. The Las Vegas Strip Resorts segment consists of Aria, Bellagio, The Cosmopolitan of Las Vegas, MGM Grand Las Vegas, Mandalay Bay, Luxor, New York-New York, Excalibur, and Park MGM. The Regional Operations segment consists of MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica; Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George’s County, Maryland; MGM Springfield in Springfield, Massachusetts; Empire City in Yonkers, New York, and others. MGM Digital is its online gaming portfolio which is primarily comprised of LeoVegas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
