MGM Resorts (MGM) Stock Forecast, Price Target & Predictions
MGM Stock Forecast
MGM Resorts stock forecast is as follows: an average price target of $52.84 (represents a 42.00% upside from MGM’s last price of $37.21) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.
MGM Price Target
MGM Analyst Ratings
MGM Resorts Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Sep 04, 2024 | Stephen Grambling | Morgan Stanley | $43.00 | $36.29 | 18.49% | 15.56% |
Jul 02, 2024 | Clark Lampen | BTIG | $52.00 | $42.33 | 22.84% | 39.75% |
May 06, 2024 | Jordan Bender | JMP Securities | $58.00 | $41.04 | 41.33% | 55.87% |
May 02, 2024 | Joseph Stauff | Susquehanna | $54.00 | $39.75 | 35.85% | 45.12% |
May 02, 2024 | Carlo Santarelli | Deutsche Bank | $57.00 | $39.75 | 43.40% | 53.18% |
Apr 15, 2024 | Vitaly Umansky | Seaport Global | $56.00 | $42.48 | 31.83% | 50.50% |
Apr 02, 2024 | David Katz | Jefferies | $62.00 | $47.78 | 29.76% | 66.62% |
Aug 03, 2023 | Barry Jonas | Truist Financial | $23.20 | $45.84 | -49.39% | -37.65% |
Feb 01, 2023 | - | Morgan Stanley | $43.00 | $40.98 | 4.94% | 15.56% |
Dec 05, 2022 | - | Truist Financial | $50.00 | $37.08 | 34.84% | 34.37% |
MGM Resorts Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 1 | 2 | 7 |
Avg Price Target | $43.00 | $47.50 | $54.57 |
Last Closing Price | $37.21 | $37.21 | $37.21 |
Upside/Downside | 15.56% | 27.65% | 46.65% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Sep 04, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
Jul 17, 2024 | JMP Securities | Outperform | Outperform | Hold |
Jul 02, 2024 | BTIG | - | Buy | Initialise |
May 10, 2024 | Goldman Sachs | - | Buy | Initialise |
May 06, 2024 | JMP Securities | Outperform | Outperform | Hold |
May 02, 2024 | Susquehanna | Market Outperform | Market Outperform | Hold |
May 02, 2024 | Seaport Global | Underperform | Underperform | Hold |
May 02, 2024 | Susquehanna | - | Positive | Upgrade |
May 02, 2024 | Deutsche Bank | Buy | Buy | Hold |
Apr 15, 2024 | Mizuho Securities | Underperform | Underperform | Hold |
MGM Resorts Financial Forecast
MGM Resorts Revenue Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 | $4.39B | $4.42B | $4.47B | $4.33B | $4.37B | $4.38B | $4.39B | $4.25B | $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 | $4.56B | $4.45B | $4.51B | $4.54B | $4.58B | $4.45B | $4.48B | $4.49B | $4.51B | $4.34B | $4.32B | $4.35B | $4.27B | $3.97B | $3.92B | $3.70B | $3.44B | $3.33B | $3.11B | $2.89B | $2.85B | $2.51B | $2.23B | $1.63B | $1.54B | $1.28B | $414.45M | $2.53B | $3.28B | $3.43B |
Low Forecast | $4.24B | $4.14B | $4.19B | $4.22B | $4.26B | $4.13B | $4.16B | $4.17B | $4.19B | $4.18B | $4.01B | $4.05B | $4.01B | $3.52B | $3.64B | $3.44B | $3.20B | $3.09B | $2.90B | $2.70B | $2.66B | $2.34B | $2.08B | $1.52B | $1.43B | $1.19B | $386.49M | $2.36B | $3.06B | $3.20B |
# Analysts | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 4 | 8 | 14 | 13 | 7 | 6 | 6 | 8 | 6 | 7 | 11 | 7 | 13 | 13 | 4 | 5 | 4 | 4 | 3 |
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 EBITDA Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 4 | 8 | 14 | 13 | 7 | 6 | 6 | 8 | 6 | 7 | 11 | 7 | 13 | 13 | 4 | 5 | 4 | 4 | 3 |
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 | $595.44M | $581.82M | $588.72M | $592.47M | $598.64M | $580.83M | $585.16M | $586.80M | $588.66M | $569.74M | $563.93M | $841.01M | $554.88M | $517.67M | $511.57M | $764.56M | $449.37M | $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 | $611.01M | $597.03M | $604.12M | $607.96M | $614.29M | $596.02M | $600.47M | $602.15M | $604.05M | $581.74M | $578.68M | $1.01B | $572.52M | $532.76M | $524.95M | $917.47M | $461.12M | $445.96M | $417.21M | $981.25M | $381.76M | $336.06M | $298.78M | $84.58M | $206.16M | $171.26M | $55.55M | $339.40M | $440.26M | $459.45M |
Low Forecast | $567.86M | $554.87M | $561.46M | $565.03M | $570.91M | $553.93M | $558.06M | $559.63M | $561.39M | $560.40M | $537.81M | $672.81M | $537.24M | $472.48M | $487.88M | $611.64M | $428.56M | $414.47M | $389.07M | $654.17M | $356.01M | $313.38M | $278.62M | $56.39M | $192.25M | $159.70M | $51.81M | $316.50M | $410.56M | $428.45M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.46% | 0.49% | 0.76% | 1.03% | 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% |
MGM Resorts Net Income Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 4 | 8 | 14 | 13 | 7 | 6 | 6 | 8 | 6 | 7 | 11 | 7 | 13 | 13 | 4 | 5 | 4 | 4 | 3 |
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 | $349.48M | $332.19M | $339.83M | $339.11M | $281.35M | $258.29M | $281.85M | $268.11M | $194.25M | $187.26M | $189.67M | $-35.21M | $223.54M | $164.08M | $175.30M | $-32.01M | $-455.66M | $3.13B | $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 | $361.36M | $343.48M | $351.39M | $350.63M | $290.91M | $267.07M | $291.43M | $277.22M | $200.85M | $237.79M | $196.12M | $-28.16M | $293.60M | $271.23M | $181.26M | $-25.60M | $-428.23M | $3.75B | $78.88M | $-27.38M | $1.92M | $-12.75M | $-100.56M | $-315.43M | $-286.42M | $-310.51M | $-500.65M | $5.83B | $78.31M | $97.24M |
Low Forecast | $328.44M | $312.19M | $319.38M | $318.69M | $264.41M | $242.74M | $264.88M | $251.96M | $182.56M | $148.62M | $178.25M | $-42.25M | $180.16M | $83.71M | $164.75M | $-38.41M | $-471.15M | $2.50B | $72.02M | $-41.08M | $1.75M | $-13.96M | $-110.14M | $-473.15M | $-313.71M | $-340.09M | $-548.36M | $3.88B | $71.49M | $88.78M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.15% | -14.59% | 0.70% | -0.34% | 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 SG&A Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 4 | 8 | 14 | 13 | 7 | 6 | 6 | 8 | 6 | 7 | 11 | 7 | 13 | 13 | 4 | 5 | 4 | 4 | 3 |
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 | $1.32B | $1.28B | $1.29B | $1.29B | $1.30B | $1.26B | $1.24B | $1.74B | $1.22B | $1.14B | $1.13B | $1.58B | $990.67M | $1.70B | $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 | $1.35B | $1.32B | $1.33B | $1.34B | $1.35B | $1.31B | $1.32B | $1.33B | $1.33B | $1.28B | $1.28B | $2.08B | $1.26B | $1.17B | $1.16B | $1.89B | $1.02B | $2.04B | $919.78M | $2.02B | $841.62M | $740.86M | $658.68M | $890.38M | $454.50M | $377.55M | $122.47M | $748.22M | $970.58M | $1.01B |
Low Forecast | $1.25B | $1.22B | $1.24B | $1.25B | $1.26B | $1.22B | $1.23B | $1.23B | $1.24B | $1.24B | $1.19B | $1.39B | $1.18B | $1.04B | $1.08B | $1.26B | $944.79M | $1.36B | $857.72M | $1.35B | $784.84M | $690.88M | $614.24M | $593.59M | $423.83M | $352.07M | $114.21M | $697.74M | $905.10M | $944.54M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.01% | 0.72% | 1.22% | 0.78% | 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 EPS Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 4 | 8 | 14 | 13 | 7 | 6 | 6 | 8 | 6 | 7 | 11 | 7 | 13 | 13 | 4 | 5 | 4 | 4 | 3 |
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 | $1.11 | $1.06 | $1.08 | $1.08 | $0.89 | $0.82 | $0.90 | $0.85 | $0.62 | $0.60 | $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 | $1.15 | $1.09 | $1.12 | $1.12 | $0.93 | $0.85 | $0.93 | $0.88 | $0.64 | $0.76 | $0.62 | $0.58 | $0.93 | $0.86 | $0.58 | $0.07 | $-1.36 | $0.27 | $0.25 | $-0.06 | $0.01 | $-0.04 | $-0.32 | $-0.80 | $-0.91 | $-0.99 | $-1.59 | $-0.14 | $0.25 | $0.31 |
Low Forecast | $1.04 | $0.99 | $1.02 | $1.01 | $0.84 | $0.77 | $0.84 | $0.80 | $0.58 | $0.47 | $0.57 | $0.53 | $0.57 | $0.27 | $0.52 | $0.06 | $-1.50 | $0.24 | $0.23 | $-0.07 | $0.01 | $-0.04 | $-0.35 | $-0.88 | $-1.00 | $-1.08 | $-1.74 | $-0.16 | $0.23 | $0.28 |
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% |
MGM Resorts Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
PENN | PENN Entertainment | $19.78 | $41.32 | 108.90% | Buy |
CZR | Caesars Entertainment | $40.25 | $73.08 | 81.57% | Buy |
MLCO | Melco Resorts & Entertainment | $5.69 | $9.72 | 70.83% | Buy |
MGM | MGM Resorts | $37.21 | $52.84 | 42.00% | Buy |
LVS | Las Vegas Sands | $41.40 | $57.00 | 37.68% | Buy |
WYNN | Wynn Resorts | $80.00 | $109.82 | 37.27% | Buy |
RRR | Red Rock Resorts | $53.63 | $60.29 | 12.42% | 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 $52.84 with a range of $23.2 to $72, implying a 42.00% from its last price of $37.21. 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 42.00% (from the last price of $37.21 to the average price target of $52.84), up by 93.50% based on the highest stock price target, and down by -37.65% based on the lowest stock price target.
Can MGM Resorts stock reach $60?
MGM's highest twelve months analyst stock price target of $72 supports the claim that MGM Resorts can reach $60 in the near future.
What is MGM Resorts's current price target trend?
1 Wall Street analyst forecast a $43 price target for MGM Resorts (MGM) this month, up 15.56% from its last price of $37.21. Compared to the last 3 and 12 months, the average price target increased by 27.65% and increased by 46.65%, respectively.
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 $17.54B (high $18B, low $16.73B), average EBITDA is $2.35B (high $2.41B, low $2.24B), average net income is $1.09B (high $1.13B, low $1.02B), average SG&A $5.18B (high $5.32B, low $4.94B), and average EPS is $3.47 (high $3.58, low $3.26). MGM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $17.59B (high $18.05B, low $16.78B), average EBITDA is $2.36B (high $2.42B, low $2.25B), average net income is $1.36B (high $1.41B, low $1.28B), average SG&A $5.2B (high $5.34B, low $4.96B), and average EPS is $4.33 (high $4.47, low $4.07).
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 $2.11B by -20.86%. The company's net income was $206.73M, missing the average estimation of $2.71B by -92.38%. Apple's SG&A was $4.23B, missing the average forecast of $5.27B by -19.87%. 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 $517.67M by -53.77%. MGM Resorts's net income was $161.12M, missing the average estimation of $164.08M by -1.80%. 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%