Analysts Offer Insights on Consumer Cyclical Companies: TripAdvisor (TRIP), MGM Resorts (MGM) and Lucid Group (LCID)

Business Insider

2 days ago

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on TripAdvisor (TRIP – Research Report), MGM Resorts (MGM – Research Report) and Lucid Group (LCID – Research Report).
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TripAdvisor (TRIP)
B.Riley Financial analyst Naved Khan maintained a Hold rating on TripAdvisor on July 7 and set a price target of $17.00. The company's shares closed last Friday at $18.00.
According to TipRanks.com, Khan is a 5-star analyst with an average return of 18.9% and a 61.1% success rate. Khan covers the NA sector, focusing on stocks such as Booking Holdings, CarGurus, and Expedia.
Currently, the analyst consensus on TripAdvisor is a Hold with an average price target of $15.29, which is a -15.1% downside from current levels. In a report issued on July 8, D.A. Davidson also maintained a Hold rating on the stock with a $16.25 price target.
MGM Resorts (MGM)
In a report issued on July 7, Lizzie Dove from Goldman Sachs initiated coverage with a Sell rating on MGM Resorts and a price target of $34.00. The company's shares closed last Friday at $37.93.
According to TipRanks.com, Dove is a 3-star analyst with an average return of 5.1% and a 61.5% success rate. Dove covers the NA sector, focusing on stocks such as Marriott Vacations Worldwide Corporation, Wyndham Hotels & Resorts, and Hilton Grand Vacations.
MGM Resorts has an analyst consensus of Moderate Buy, with a price target consensus of $43.87.
Lucid Group (LCID)
In a report issued on July 7, Stephen Gengaro from Stifel Nicolaus maintained a Hold rating on Lucid Group, with a price target of $3.00. The company's shares closed last Friday at $2.29, close to its 52-week low of $1.93.
According to TipRanks.com, Gengaro is a 3-star analyst with an average return of 2.8% and a 41.5% success rate. Gengaro covers the NA sector, focusing on stocks such as Solaris Energy Infrastructure, Liberty Oilfield Services, and Oil States International.
The word on The Street in general, suggests a Hold analyst consensus rating for Lucid Group with a $2.41 average price target, which is a 3.9% upside from current levels. In a report issued on July 8, RBC Capital also maintained a Hold rating on the stock with a $2.00 price target.