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

OverviewRevenueOwnershipFinancialsChartTranscripts

MGM Stock Forecast

MGM Resorts (MGM) stock forecast, based on 17 Wall Street analysts, predicts a 12-month average price target of $47.60, with a high of $55.00 and a low of $39.00. This represents a 39.96% increase from the last price of $34.01.

$30 $35 $40 $45 $50 $55 High: $55 Avg: $47.6 Low: $39 Last Closed Price: $34.01

MGM Stock Rating

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

Buy
Total 17 0 2 15 Strong Sell Sell Hold Buy Strong Buy

MGM Forecast vs Benchmarks

TypeNameUpside
StockMGM Resorts39.96%
SectorConsumer Cyclical Stocks 4.57%
IndustryGambling, Resorts & Casinos Stocks 19.52%
IdeaSports Betting Stocks List14.89%
IdeaTravel Stocks List1.70%

Price Target Trends

1M3M12M
# Anlaysts2412
Avg Price Target$44.50$46.50$51.67
Last Closing Price$34.01$34.01$34.01
Upside/Downside30.84%36.72%51.93%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 2551441-24
Dec, 245144--23
Nov, 245144--23
Oct, 245154--24
Sep, 245154--24
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 14, 2025Stephen GramblingMorgan Stanley$39.00$33.2317.36%14.67%
Jan 03, 2025David KatzJefferies$50.00$33.8547.71%47.02%
Oct 31, 2024Zachary WarringCFRA$42.00$36.8713.91%23.49%
Oct 31, 2024George ChoiCitigroup$55.00$41.4132.82%61.72%
Oct 01, 2024Carlo SantarelliDeutsche Bank$52.00$38.6834.44%52.90%
Sep 04, 2024Stephen GramblingMorgan Stanley$43.00$36.2918.49%26.43%
Jul 02, 2024Clark LampenBTIG$52.00$42.3322.84%52.90%
May 06, 2024Jordan BenderJMP Securities$58.00$41.0441.33%70.54%
May 02, 2024Joseph StauffSusquehanna$54.00$39.7535.85%58.78%
May 02, 2024Carlo SantarelliDeutsche Bank$57.00$39.7543.40%67.60%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Jan 03, 2025JefferiesBuyBuyhold
Dec 18, 2024Deutsche BankBuyBuyhold
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

Financial Forecast

EPS Forecast

$-5 $-2 $1 $4 $7 $10 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-2.67$2.44$0.50$3.18-----
Avg Forecast$-3.56$-0.68$-1.77$2.36$2.44$2.25$2.47$3.35$7.12
High Forecast$-3.62$-0.69$-1.81$2.30$2.32$1.22$1.61$2.41$6.85
Low Forecast$-3.46$-0.66$-1.71$2.43$2.63$3.24$4.39$4.61$7.31
Surprise %-25.00%-458.82%-128.25%34.75%-----

Revenue Forecast

$5B $8B $11B $14B $17B $20B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$5.16B$9.68B$13.13B$16.16B-----
Avg Forecast$5.18B$9.40B$12.90B$15.93B$17.18B$17.15B$17.55B$17.86B$18.20B
High Forecast$5.07B$9.19B$12.57B$15.79B$17.05B$16.77B$17.53B$17.78B$17.67B
Low Forecast$5.25B$9.52B$13.10B$16.06B$17.29B$17.52B$17.57B$17.95B$18.58B
Surprise %-0.40%2.99%1.78%1.50%-----

Net Income Forecast

$-2B $500M $3B $5B $7B $9B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-1.32B$1.25B$206.73M$1.14B-----
Avg Forecast$3.03B$3.57B$6.69B$1.14B$903.35M$720.85M$860.68M$1.13B$2.55B
High Forecast$1.69B$2.70B$5.34B$913.48M$831.79M$437.17M$578.33M$862.73M$2.46B
Low Forecast$4.36B$4.45B$8.04B$1.38B$942.70M$1.16B$1.57B$1.65B$2.62B
Surprise %-143.62%-64.90%-96.91%-0.19%-----

MGM Forecast FAQ

Is MGM Resorts stock a buy?

MGM Resorts stock has a consensus rating of Buy, based on 17 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 15 Buy, 2 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that MGM Resorts is a favorable investment for most analysts.

What is MGM Resorts's price target?

MGM Resorts's price target, set by 17 Wall Street analysts, averages $47.6 over the next 12 months. The price target range spans from $39 at the low end to $55 at the high end, suggesting a potential 39.96% change from the previous close price of $34.01.

How does MGM Resorts stock forecast compare to the average forecast of its sector, industry, and investment themes?

MGM Resorts stock forecast shows a 39.96% upside, outperforming the average forecast for the consumer cyclical stocks sector (4.57%) and outperforming the gambling, resorts & casinos stocks industry (19.52%), leading the sports betting stocks list (14.89%) and travel stocks list (1.70%) investment themes.

What is the breakdown of analyst ratings for MGM Resorts over the past three months?

  • January 2025: 20.83% Strong Buy, 58.33% Buy, 16.67% Hold, 4.17% Sell, 0% Strong Sell.
  • December 2024: 21.74% Strong Buy, 60.87% Buy, 17.39% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 21.74% Strong Buy, 60.87% Buy, 17.39% Hold, 0% Sell, 0% Strong Sell.

What is MGM Resorts’s EPS forecast?

MGM Resorts's average annual EPS forecast for its fiscal year ending in December is 2.44 for 2024, a -23.27% decrease from the reported $3.18 in 2023. The prediction for 2025 is $2.25, $2.47 for 2026, $3.35 for 2027, and $7.12 for 2028.

What is MGM Resorts’s revenue forecast?

MGM Resorts's average annual revenue forecast for its fiscal year ending in December is $17.18B for 2024, a 6.30% increase from the reported $16.16B in 2023. The forecast for 2025 is $17.15B, $17.55B for 2026, $17.86B for 2027, and $18.2B for 2028.

What is MGM Resorts’s net income forecast?

For its fiscal year ending in December, MGM Resorts's average annual net income forecast is $903.35M for 2024, reflecting a -20.91% decrease from the reported $1.14B in 2023. The projection for 2025 is $720.85M, $860.68M for 2026, $1.13B for 2027, and $2.55B for 2028.