MGM Stock Could Rise 60% If It Recovers To Pre-Inflation Shock Highs
1. MGM stock is 36% below pre-inflation high of $50. 2. Macau reports record Q3, with revenues up 14% year-over-year. 3. Stock fluctuated significantly, with recent gains of 16% from June 2022. 4. 2023 revenues rose to $16.2 billion, with earnings at $3.39 per share. 5. Concerns about global economy may limit MGM's near-term growth prospects.