MGM
Wall Street’s not exactly in agreement
Capital One just gave MGM Resorts a little vote of confidence, lifting its price target to $51 from $46 while keeping an Overweight rating. That’s analyst-speak for: “We still like this one, even if the rest of the room is arguing about the nachos.”
Why this matters
MGM also came out swinging in its latest quarter, posting $1.60 in EPS versus the $0.64 analysts were expecting, on $4.61 billion in revenue against estimates of $4.42 billion. So Capital One isn’t exactly making a lonely call here — it’s leaning into a pretty solid earnings backdrop.
The catch? The Street is split down the middle
The average target still sits around $42.13, and the rating mix looks like a conference call where nobody wants to fully commit:
- 1 Strong Buy
- 8 Buy
- 7 Hold
- 4 Sell
So yeah, this isn’t a unanimous love fest. But it does suggest the market is still trying to decide whether MGM is a steady compounder or just a stock that keeps doing the casino equivalent of hitting blackjack at the right time.
The other breadcrumbs
The article also notes that IAC bought 550,000 shares around $37.30, which adds another hint that some big-money players see value here. On the flip side, Director Keith A. Meister sold 37,500 shares back in March, because corporate insiders, like everyone else, apparently enjoy a little portfolio spring cleaning.
Big picture: MGM’s getting the kind of attention that usually comes after a strong quarter: more bullish targets, more debate, and more reasons for traders to keep it on the radar.