Key facts
- An analyst estimates MGM Resorts' worth at $50-55 per share.
- The analyst suggests the current takeout price may be undervalued.
- A reported acquisition proposal for MGM Resorts has renewed discussions regarding the BetMGM deal.
- Entain's stock increased following the buyout proposal.
Following a reported acquisition proposal for MGM Resorts, an analyst has weighed in on the potential valuation. The analyst's assessment suggests that the current offer price may not fully reflect the company's intrinsic value, potentially leading to further negotiation or a higher bid. This development has also renewed discussions regarding the BetMGM deal, impacting Entain's stock.