MGM.N Surges Past 5-Day SMA Amid Positive Sentiment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 21 Nov 25
Source: Coinmarketcap
Shares of MGM Resorts International (MGM.N) experienced a notable uptick today, crossing above their 5-day simple moving average (SMA) as investor sentiment improved. This technical breakout indicates a potential shift towards bullish momentum, suggesting that traders may be gaining confidence in the stock's near-term performance. The recent surge can be attributed to positive developments in the gaming sector, including increased foot traffic and stronger-than-expected earnings reports from competitors, which have bolstered optimism around MGM's recovery post-pandemic. Analysts are closely monitoring this movement, as sustaining above the 5-day SMA could signal further upward potential in the coming weeks.
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: 33.480
Low
29.00
Averages
40.31
High
56.00
Current: 33.480
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.
