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MGM Resorts (MGM) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

MGM Stock Forecast

MGM Resorts stock forecast is as follows: an average price target of $48.80 (represents a 42.86% upside from MGM’s last price of $34.16) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.

MGM Price Target

The average price target for MGM Resorts (MGM) is $48.80 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $55.00 to $42.00. This represents a potential 42.86% upside from MGM's last price of $34.16.

MGM Analyst Ratings

Buy

According to 17 Wall Street analysts, MGM Resorts's rating consensus is 'Buy'. The analyst rating breakdown for MGM stock is 0 'Strong Buy' (0.00%), 15 'Buy' (88.24%), 2 'Hold' (11.76%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

MGM Resorts Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 31, 2024Zachary WarringCFRA$42.00$36.8713.91%22.95%
Oct 31, 2024George ChoiCitigroup$55.00$41.4132.82%61.01%
Oct 01, 2024Carlo SantarelliDeutsche Bank$52.00$38.6734.45%52.22%
Sep 04, 2024Stephen GramblingMorgan Stanley$43.00$36.2918.49%25.88%
Jul 02, 2024Clark LampenBTIG$52.00$42.3322.84%52.22%
May 06, 2024Jordan BenderJMP Securities$58.00$41.0441.33%69.79%
May 02, 2024Joseph StauffSusquehanna$54.00$39.7535.85%58.08%
May 02, 2024Carlo SantarelliDeutsche Bank$57.00$39.7543.40%66.86%
Apr 15, 2024Vitaly UmanskySeaport Global$56.00$42.4831.83%63.93%
Apr 02, 2024David KatzJefferies$62.00$47.7829.76%81.50%
Aug 03, 2023Barry JonasTruist Financial$23.20$45.84-49.39%-32.08%
Feb 01, 2023Morgan Stanley$43.00$40.984.94%25.88%
Dec 05, 2022Truist Financial$50.00$37.0834.84%46.37%
Sep 26, 2022Citigroup$58.50$31.0688.35%71.25%
Aug 17, 2022Carlo SantarelliDeutsche Bank$51.00$35.0145.67%49.30%
Aug 04, 2022Credit Suisse$72.00$35.33103.79%110.77%
Aug 04, 2022Wells Fargo$58.00$34.2069.59%69.79%
Jul 30, 2022Barry JonasTruist Financial$35.00$32.736.94%2.46%
Jul 14, 2022Wells Fargo$49.00$28.6870.85%43.44%
Jul 05, 2022Citigroup$56.00$30.3684.45%63.93%
Jun 28, 2022JMP Securities$55.00$30.0383.15%61.01%
Jun 18, 2022Robin FarleyUBS$40.00$27.9543.11%17.10%
May 20, 2022Deutsche Bank$48.00$34.1540.56%40.52%
May 03, 2022Morgan Stanley$52.00$40.8227.39%52.22%
May 03, 2022Wells Fargo$57.00$41.9735.81%66.86%
May 02, 2022Thomas AllenMorgan Stanley$51.00$41.0924.13%49.30%
Apr 19, 2022Truist Financial$48.00$42.7712.23%40.52%
Feb 10, 2022Ben CombesCredit Suisse$76.00$47.0761.46%122.48%
Feb 10, 2022George ChoiCitigroup$57.00$47.0721.10%66.86%
Jan 21, 2022David KatzJefferies$59.00$40.9644.04%72.72%
Oct 27, 2021Stephen GramblingGoldman Sachs$48.00$47.012.11%40.52%
Sep 13, 2021Vitaly UmanskyBernstein$58.90$43.0936.69%72.42%
Jun 10, 2021Joseph GreffJ.P. Morgan$52.00$42.6621.89%52.22%

The latest MGM Resorts stock forecast, released on Oct 31, 2024 by Zachary Warring from CFRA, set a price target of $42.00, which represents a 13.91% increase from the stock price at the time of the forecast ($36.87), and a 22.95% increase from MGM last price ($34.16).

MGM Resorts Price Target by Period

1M3M12M
# Anlaysts-310
Avg Price Target-$49.67$53.10
Last Closing Price$34.16$34.16$34.16
Upside/Downside-100.00%45.40%55.44%

In the current month, the average price target of MGM Resorts stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to MGM Resorts's last price of $34.16. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 31, 2024CitigroupBuyBuyHold
Oct 01, 2024Deutsche BankBuyBuyHold
Sep 04, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jul 17, 2024JMP SecuritiesOutperformOutperformHold
Jul 02, 2024BTIGBuyInitialise
May 10, 2024Goldman SachsBuyInitialise
May 06, 2024JMP SecuritiesOutperformOutperformHold
May 02, 2024Seaport GlobalUnderperformUnderperformHold
May 02, 2024SusquehannaMarket OutperformMarket OutperformHold
May 02, 2024SusquehannaPositiveUpgrade
May 02, 2024Deutsche BankBuyBuyHold
Apr 15, 2024Mizuho SecuritiesUnderperformUnderperformHold
Apr 15, 2024Seaport GlobalMarket OutperformMarket OutperformHold
Apr 15, 2024Seaport GlobalBuyInitialise
Apr 02, 2024JefferiesBuyBuyHold
Feb 28, 2024JMP SecuritiesUnderperformUnderperformHold
Feb 28, 2024MacquarieMarket OutperformMarket OutperformHold
Feb 01, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Jan 07, 2023Stifel NicolausBuyUpgrade
Dec 05, 2022Morgan StanleyHoldOverweightUpgrade
Dec 05, 2022DaiwaBuyUpgrade
Dec 05, 2022ScotiabankOutperformSector OutperformUpgrade
Dec 05, 2022Cowen & Co.Market PerformOutperformInitialise
Dec 05, 2022ScotiabankOutperformUpgrade
Sep 26, 2022CitigroupBuyBuyHold
Sep 08, 2022BernsteinUnderperformInitialise
Sep 08, 2022Cowen & Co.BuyInitialise
Sep 08, 2022Cantor FitzgeraldOverweightInitialise
Aug 17, 2022Deutsche BankBuyBuyHold
Aug 04, 2022CFRABuyUpgrade
Aug 04, 2022Credit SuisseOutperformOutperformHold
Aug 04, 2022Wells FargoOverweightOverweightHold
Jul 14, 2022Wells FargoOverweightOverweightHold
Jul 05, 2022CitigroupBuyBuyHold
Jun 28, 2022JMP SecuritiesMarket OutperformInitialise
Jun 18, 2022UBSNeutralNeutralHold
May 20, 2022Deutsche BankBuyBuyHold
May 02, 2022Morgan StanleyHoldHoldHold
Oct 14, 2021Credit SuisseOutperformUpgrade

MGM Resorts's last stock rating was published by Citigroup on Oct 31, 2024. The company gave MGM a "Buy" rating, the same as its previous rate.

MGM Resorts Financial Forecast

MGM Resorts Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$3.97B$3.94B$3.87B$3.59B$3.42B$3.26B$2.85B$3.06B$2.71B$2.27B$1.65B$1.49B$1.13B$289.81M$2.25B$3.19B$3.31B
Avg Forecast$4.44B$4.34B$4.42B$4.42B$4.36B$4.25B$4.32B$4.31B$4.28B$4.21B$4.21B$4.24B$4.14B$3.86B$3.82B$3.61B$3.35B$3.24B$3.03B$2.81B$2.77B$2.44B$2.17B$1.59B$1.50B$1.24B$403.30M$2.46B$3.20B$3.34B
High Forecast$4.54B$4.43B$4.51B$4.52B$4.46B$4.35B$4.42B$4.41B$4.34B$4.23B$4.21B$4.24B$4.27B$3.97B$3.90B$3.69B$3.43B$3.24B$3.03B$2.81B$2.77B$2.44B$2.17B$1.59B$1.50B$1.24B$403.30M$2.46B$3.20B$3.34B
Low Forecast$4.30B$4.20B$4.28B$4.29B$4.23B$4.12B$4.19B$4.20B$4.14B$4.19B$4.21B$4.24B$4.01B$3.52B$3.70B$3.50B$3.25B$3.24B$3.03B$2.81B$2.77B$2.44B$2.17B$1.59B$1.50B$1.24B$403.30M$2.46B$3.20B$3.34B
# Analysts444433351265481413766867117131345443
Surprise %-------------1.03%1.03%1.07%1.07%1.05%1.08%1.01%1.10%1.11%1.05%1.04%1.00%0.91%0.72%0.91%1.00%0.99%

MGM Resorts's average Quarter revenue forecast for Dec 23 based on 8 analysts is $4.14B, with a low forecast of $4.01B, and a high forecast of $4.27B. MGM's average Quarter revenue forecast represents a 4.19% increase compared to the company's last Quarter revenue of $3.97B (Sep 23).

MGM Resorts EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433351265481413766867117131345443
EBITDA-------------$239.33M$253.21M$583.39M$464.50M$332.60M$401.14M$468.33M$660.67M$2.11B$625.98M$59.32M$-67.13M$-143.29M$-671.53M$1.54B$3.10B$493.10M
Avg Forecast$710.74M$694.65M$707.30M$708.60M$699.22M$681.55M$692.15M$691.19M$685.99M$674.65M$673.99M$841.01M$663.17M$618.70M$611.41M$764.56M$3.01B$434.59M$405.99M$817.71M$371.49M$327.02M$290.74M$70.48M$200.62M$166.65M$54.06M$330.27M$428.42M$447.09M
High Forecast$726.83M$710.38M$723.32M$724.64M$715.05M$696.98M$707.82M$707.26M$695.61M$678.25M$673.99M$1.01B$684.25M$636.74M$625.25M$917.47M$3.61B$434.59M$405.99M$981.25M$371.49M$327.02M$290.74M$84.58M$200.62M$166.65M$54.06M$330.27M$428.42M$447.09M
Low Forecast$688.67M$673.09M$685.35M$686.60M$677.51M$660.40M$670.66M$673.51M$663.55M$671.04M$673.99M$672.81M$642.09M$564.69M$592.43M$611.64M$2.41B$434.59M$405.99M$654.17M$371.49M$327.02M$290.74M$56.39M$200.62M$166.65M$54.06M$330.27M$428.42M$447.09M
Surprise %-------------0.39%0.41%0.76%0.15%0.77%0.99%0.57%1.78%6.46%2.15%0.84%-0.33%-0.86%-12.42%4.68%7.24%1.10%

8 analysts predict MGM's average Quarter EBITDA for Dec 23 to be $663.17M, with a high of $684.25M and a low of $642.09M. This is 177.09% upper than MGM Resorts's previous annual EBITDA (Sep 23) of $239.33M.

MGM Resorts Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433351265481413766867117131345443
Net Income-------------$161.12M$200.80M$466.81M$-320.01M$-1.06B$1.78B$-34.79M$116.09M$1.35B$104.75M$-331.83M$-447.61M$-534.73M$-857.26M$806.87M$2.01B$-37.13M
Avg Forecast$274.92M$267.35M$275.17M$277.88M$177.65M$181.98M$194.66M$178.96M$117.19M$167.41M$183.07M$-35.21M$215.76M$158.37M$169.20M$-32.01M$596.63M$80.87M$76.15M$-34.23M$1.85M$-13.48M$-106.32M$-394.29M$-302.83M$-328.30M$-529.34M$4.86B$75.59M$93.86M
High Forecast$283.01M$275.22M$283.27M$286.06M$182.88M$187.33M$200.39M$201.68M$246.71M$173.68M$183.10M$-28.16M$283.39M$261.79M$174.18M$-25.60M$715.96M$80.87M$76.15M$-27.38M$1.85M$-13.48M$-106.32M$-315.43M$-302.83M$-328.30M$-529.34M$5.83B$75.59M$93.86M
Low Forecast$263.82M$256.56M$264.07M$266.67M$170.48M$174.63M$186.81M$136.35M$18.50M$161.13M$183.03M$-42.25M$173.89M$80.80M$162.37M$-38.41M$477.31M$80.87M$76.15M$-41.08M$1.85M$-13.48M$-106.32M$-473.15M$-302.83M$-328.30M$-529.34M$3.88B$75.59M$93.86M
Surprise %-------------1.02%1.19%-14.59%-0.54%-13.12%23.43%1.02%62.78%-100.18%-0.99%0.84%1.48%1.63%1.62%0.17%26.61%-0.40%

MGM Resorts's average Quarter net income forecast for Dec 23 is $215.76M, with a range of $173.89M to $283.39M. MGM's average Quarter net income forecast represents a 33.91% increase compared to the company's last Quarter net income of $161.12M (Sep 23).

MGM Resorts SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433351265481413766867117131345443
SG&A-------------$1.19B$1.14B$1.14B$1.21B$1.33B$1.15B$888.08M$883.10M$735.39M$687.08M$624.44M$634.50M$613.73M$616.14M$718.11M$676.05M$602.77M
Avg Forecast$1.31B$1.28B$1.30B$1.31B$1.29B$1.26B$1.28B$1.27B$1.27B$1.24B$1.24B$1.74B$1.22B$1.14B$1.13B$1.58B$990.67M$958.09M$895.03M$1.69B$818.98M$720.93M$640.96M$741.99M$442.27M$367.39M$119.18M$728.09M$944.47M$985.63M
High Forecast$1.34B$1.31B$1.33B$1.34B$1.32B$1.29B$1.31B$1.30B$1.28B$1.25B$1.24B$2.08B$1.26B$1.17B$1.15B$1.89B$1.01B$958.09M$895.03M$2.02B$818.98M$720.93M$640.96M$890.38M$442.27M$367.39M$119.18M$728.09M$944.47M$985.63M
Low Forecast$1.27B$1.24B$1.26B$1.27B$1.25B$1.22B$1.24B$1.24B$1.22B$1.24B$1.24B$1.39B$1.18B$1.04B$1.09B$1.26B$959.91M$958.09M$895.03M$1.35B$818.98M$720.93M$640.96M$593.59M$442.27M$367.39M$119.18M$728.09M$944.47M$985.63M
Surprise %-------------1.04%1.01%0.72%1.22%1.39%1.28%0.53%1.08%1.02%1.07%0.84%1.43%1.67%5.17%0.99%0.72%0.61%

MGM Resorts's average Quarter SG&A projection for Dec 23 is $1.22B, based on 8 Wall Street analysts, with a range of $1.18B to $1.26B. The forecast indicates a 2.60% rise compared to MGM last annual SG&A of $1.19B (Sep 23).

MGM Resorts EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433351265481413766867117131345443
EPS-------------$0.46$0.56$1.25$-0.83$-2.70$4.24$-0.08$0.25$2.81$0.14$-0.69$-0.92$-1.08$-1.67$1.64$3.94$-0.08
Avg Forecast$0.91$0.88$0.91$0.92$0.59$0.60$0.64$0.59$0.39$0.55$0.60$0.56$0.71$0.52$0.56$0.06$-1.45$0.26$0.24$-0.06$0.01$-0.04$-0.34$-0.85$-0.96$-1.04$-1.68$-0.15$0.24$0.30
High Forecast$0.93$0.91$0.93$0.94$0.60$0.62$0.66$0.66$0.81$0.57$0.60$0.56$0.93$0.86$0.57$0.07$-1.39$0.26$0.24$-0.06$0.01$-0.04$-0.34$-0.85$-0.96$-1.04$-1.68$-0.15$0.24$0.30
Low Forecast$0.87$0.85$0.87$0.88$0.56$0.58$0.62$0.45$0.06$0.53$0.60$0.56$0.57$0.27$0.54$0.06$-1.49$0.26$0.24$-0.06$0.01$-0.04$-0.34$-0.85$-0.96$-1.04$-1.68$-0.15$0.24$0.30
Surprise %-------------0.88%1.00%19.40%0.57%-10.50%17.51%1.24%42.51%-65.54%-0.41%0.81%0.96%1.03%0.99%-10.89%16.39%-0.27%

According to 8 Wall Street analysts, MGM Resorts's projected average Quarter EPS for Dec 23 is $0.71, with a low estimate of $0.57 and a high estimate of $0.93. This represents a 54.55% increase compared to MGM previous annual EPS of $0.46 (Sep 23).

MGM Resorts Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MLCOMelco Resorts & Entertainment$6.34$9.2045.11%Buy
MGMMGM Resorts$35.37$48.8037.97%Buy
CZRCaesars Entertainment$36.13$48.6334.60%Buy
WYNNWynn Resorts$91.96$121.5732.20%Buy
RRRRed Rock Resorts$48.06$58.0020.68%Buy
PENNPENN Entertainment$19.16$21.8614.09%Buy
LVSLas Vegas Sands$53.64$55.253.00%Buy

MGM Forecast FAQ

Is MGM Resorts a good buy?

Yes, according to 17 Wall Street analysts, MGM Resorts (MGM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 15 'Buy' recommendations, accounting for 88.24% of MGM's total ratings.

What is MGM's price target?

MGM Resorts (MGM) average price target is $48.8 with a range of $42 to $55, implying a 42.86% from its last price of $34.16. The data is based on 17 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will MGM Resorts stock go up soon?

According to Wall Street analysts' prediction for MGM stock, the company can go up by 42.86% (from the last price of $34.16 to the average price target of $48.8), up by 61.01% based on the highest stock price target, and up by 22.95% based on the lowest stock price target.

Can MGM Resorts stock reach $50?

MGM's highest twelve months analyst stock price target of $55 supports the claim that MGM Resorts can reach $50 in the near future.

What are MGM Resorts's analysts' financial forecasts?

MGM Resorts's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $17.25B (high $17.65B, low $16.74B), average EBITDA is $2.76B (high $2.83B, low $2.68B), average net income is $733.24M (high $772.28M, low $668.27M), average SG&A $5.1B (high $5.21B, low $4.95B), and average EPS is $2.42 (high $2.54, low $2.2). MGM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $17.61B (high $18.01B, low $17.06B), average EBITDA is $2.82B (high $2.89B, low $2.73B), average net income is $1.1B (high $1.13B, low $1.05B), average SG&A $5.2B (high $5.32B, low $5.04B), and average EPS is $3.61 (high $3.72, low $3.46).

Did the MGM's actual financial results beat the analysts' financial forecasts?

Based on MGM Resorts's last annual report (Dec 2022), the company's revenue was $13.13B, beating the average analysts forecast of $12.44B by 5.55%. Apple's EBITDA was $1.67B, missing the average prediction of $4.67B by -64.26%. The company's net income was $206.73M, missing the average estimation of $719.42M by -71.26%. Apple's SG&A was $4.23B, missing the average forecast of $4.53B by -6.72%. Lastly, the company's EPS was $0.51, missing the average prediction of $-1.013 by -150.33%. In terms of the last quarterly report (Sep 2023), MGM Resorts's revenue was $3.97B, beating the average analysts' forecast of $3.86B by 2.88%. The company's EBITDA was $239.33M, missing the average prediction of $618.7M by -61.32%. MGM Resorts's net income was $161.12M, beating the average estimation of $158.37M by 1.74%. The company's SG&A was $1.19B, beating the average forecast of $1.14B by 4.47%. Lastly, the company's EPS was $0.46, missing the average prediction of $0.522 by -11.85%