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


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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


The average price target for MGM Resorts (MGM) is $52.84 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $72.00 to $23.20. This represents a potential 42.00% upside from MGM's last price of $37.21.

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
Sep 04, 2024Stephen GramblingMorgan Stanley$43.00$36.2918.49%15.56%
Jul 02, 2024Clark LampenBTIG$52.00$42.3322.84%39.75%
May 06, 2024Jordan BenderJMP Securities$58.00$41.0441.33%55.87%
May 02, 2024Joseph StauffSusquehanna$54.00$39.7535.85%45.12%
May 02, 2024Carlo SantarelliDeutsche Bank$57.00$39.7543.40%53.18%
Apr 15, 2024Vitaly UmanskySeaport Global$56.00$42.4831.83%50.50%
Apr 02, 2024David KatzJefferies$62.00$47.7829.76%66.62%
Aug 03, 2023Barry JonasTruist Financial$23.20$45.84-49.39%-37.65%
Feb 01, 2023-Morgan Stanley$43.00$40.984.94%15.56%
Dec 05, 2022-Truist Financial$50.00$37.0834.84%34.37%
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The latest MGM Resorts stock forecast, released on Sep 04, 2024 by Stephen Grambling from Morgan Stanley, set a price target of $43.00, which represents a 18.49% increase from the stock price at the time of the forecast ($36.29), and a 15.56% increase from MGM last price ($37.21).

MGM Resorts Price Target by Period


1M3M12M
# Anlaysts127
Avg Price Target$43.00$47.50$54.57
Last Closing Price$37.21$37.21$37.21
Upside/Downside15.56%27.65%46.65%

In the current month, the average price target of MGM Resorts stock is $43.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 15.56% increase as opposed to MGM Resorts's last price of $37.21. This month's average price target is down -9.47% compared to last quarter, and down -21.20% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 04, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jul 17, 2024JMP SecuritiesOutperformOutperformHold
Jul 02, 2024BTIG-BuyInitialise
May 10, 2024Goldman Sachs-BuyInitialise
May 06, 2024JMP SecuritiesOutperformOutperformHold
May 02, 2024SusquehannaMarket OutperformMarket OutperformHold
May 02, 2024Seaport GlobalUnderperformUnderperformHold
May 02, 2024Susquehanna-PositiveUpgrade
May 02, 2024Deutsche BankBuyBuyHold
Apr 15, 2024Mizuho SecuritiesUnderperformUnderperformHold
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MGM Resorts's last stock rating was published by Morgan Stanley on Sep 04, 2024. The company gave MGM a "Equal-Weight" 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$4.39B$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
# Analysts661211109878136481413766867117131345443
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
# Analysts661211109878136481413766867117131345443
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%

8 analysts predict MGM's average Quarter EBITDA for Dec 23 to be $554.88M, with a high of $572.52M and a low of $537.24M. This is 131.84% 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
# Analysts661211109878136481413766867117131345443
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's average Quarter net income forecast for Dec 23 is $223.54M, with a range of $180.16M to $293.60M. MGM's average Quarter net income forecast represents a 38.74% 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
# Analysts661211109878136481413766867117131345443
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'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
# Analysts661211109878136481413766867117131345443
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%

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
PENNPENN Entertainment$19.78$41.32108.90%Buy
CZRCaesars Entertainment$40.25$73.0881.57%Buy
MLCOMelco Resorts & Entertainment$5.69$9.7270.83%Buy
MGMMGM Resorts$37.21$52.8442.00%Buy
LVSLas Vegas Sands$41.40$57.0037.68%Buy
WYNNWynn Resorts$80.00$109.8237.27%Buy
RRRRed Rock Resorts$53.63$60.2912.42%Buy

MGM Forecast FAQ


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.

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.

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.

MGM's highest twelve months analyst stock price target of $72 supports the claim that MGM Resorts can reach $60 in the near future.

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.

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).

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%