MGM Resorts International, valued at $8.7 billion, offers hospitality services in Las Vegas. Shares have underperformed the market in the past year, down 12.5%, with Q3 results disappointing. Analysts expect a 17.8% EPS decline for the year. Ratings are mixed, with a consensus “Moderate Buy” and a price target of $35.

MGM’s underperformance is linked to renovation disruptions and pricing issues. Q3 results fell short, with adjusted EPS at $0.24, missing expectations. Revenue exceeded forecasts at $4.3 billion. Analysts predict a 17.8% EPS decline for the year, with mixed earnings history.

Analysts are divided on MGM stock, with a consensus “Moderate Buy.” Price targets range from $35 to $62, implying potential upside. Bank of America reiterated a “Hold” rating with a $35 price target. MGM’s mean price target is $44.22, representing a 38.8% premium.

Read more at Yahoo Finance: Do Wall Street Analysts Like MGM Resorts Stock?