MGM Q4 earnings and revenue exceeded analyst expectations

10 Şub 2022

This stock has more than doubled since my first call:

and now the American Gaming Association estimates that $7.6 billion will be spent in wagers on this year`s Super Bowl!
That`s 78% higher than 2021.
The record breaking year could mean a record price for MGM stock as well, now that MGM Resorts International is seeking more international exposure as well.

MGM Q4 2021 Earnings:
Adjusted EPS $0.12 vs $0.02 expected
Revenue 3.1B vs 2.8B expected
Las Vegas Room Occupancy Rate 86.0% vs 82.4% expected

My price target is a double top at $51.20.

Looking forward to read your opinion about it!