Mgm stock price forecast recovery in the Asia gaming market

Recovery in the Asia gaming market notably supports the mgm stock price forecast. Revenue from MGM China operations is projected to rise by double digits over the next year, bolstering global earnings. Wall Street analysts are bullish on MGM’s prospects. The stock has a consensus “Strong Buy” rating from the 18 analysts covering it, and the mean price target of $45.44 suggests a potential upside of 36.7% from current price levels. $MGM insiders have traded $MGM stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales. Short-term mgm stock price forecast models show volatility in spring due to interest rate fluctuations, but medium-term projections trend upward toward $48, driven by strong hotel occupancy and premium gaming revenues.