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

OverviewRevenueOwnershipFinancialsChartTranscripts

MGM Stock Forecast

MGM Resorts (MGM) stock forecast, based on 34 Wall Street analysts, predicts a 12-month average price target of $46.50, with a high of $55.00 and a low of $39.00. This represents a 56.51% increase from the last price of $29.71.

$25 $31 $37 $43 $49 $55 High: $55 Avg: $46.5 Low: $39 Last Closed Price: $29.71

MGM Stock Rating

MGM Resorts stock's rating consensus is Buy, based on 34 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 24 Buy (70.59%), 10 Hold (29.41%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 34 0 10 24 Strong Sell Sell Hold Buy Strong Buy

MGM Price Target Upside V Benchmarks

TypeNameUpside
StockMGM Resorts56.51%
SectorConsumer Cyclical Stocks 27.48%
IndustryGambling, Resorts & Casinos Stocks 50.47%
IdeaSports Betting Stocks List42.57%
IdeaTravel Stocks List35.04%

Price Target Trends

1M3M12M
# Anlaysts--10
Avg Price Target--$50.20
Last Closing Price$29.71$29.71$29.71
Upside/Downside--68.97%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 253144--21
Mar, 254154--23
Feb, 255144--23
Jan, 2551441-24
Dec, 245144--23
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 14, 2025Stephen GramblingMorgan Stanley$39.00$33.2317.36%31.27%
Jan 03, 2025David KatzJefferies$50.00$33.8547.71%68.29%
Oct 31, 2024Zachary WarringCFRA$42.00$36.8713.91%41.37%
Oct 31, 2024George ChoiCitigroup$55.00$41.4132.82%85.12%
Oct 01, 2024Carlo SantarelliDeutsche Bank$52.00$38.6834.44%75.03%
Sep 04, 2024Stephen GramblingMorgan Stanley$43.00$36.2918.49%44.73%
Jul 02, 2024Clark LampenBTIG$52.00$42.3322.84%75.03%
May 06, 2024Jordan BenderJMP Securities$58.00$41.0441.33%95.22%
May 02, 2024Joseph StauffSusquehanna$54.00$39.7535.85%81.76%
May 02, 2024Carlo SantarelliDeutsche Bank$57.00$39.7543.40%91.85%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Feb 13, 2025BarclaysEqual-WeightEqual-Weighthold
Feb 03, 2025BTIGBuyNeutraldowngrade
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

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$0.51$3.22$2.43----
Avg Forecast$-3.56$-0.68$-1.77$2.36$2.44$2.25$2.47$3.35$7.12
High Forecast$-3.46$-0.66$-1.71$2.43$2.63$3.24$4.39$4.61$7.31
Low Forecast$-3.62$-0.69$-1.81$2.30$2.32$1.22$1.61$2.41$6.85
Surprise %-25.00%-458.82%-128.81%36.44%-0.41%----

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$17.24B----
Avg Forecast$5.18B$9.40B$12.90B$15.93B$17.18B$17.15B$17.55B$17.86B$18.20B
High Forecast$5.25B$9.52B$13.10B$16.06B$17.29B$17.52B$17.57B$17.95B$18.58B
Low Forecast$5.07B$9.19B$12.57B$15.79B$17.05B$16.77B$17.53B$17.78B$17.67B
Surprise %-0.40%2.99%1.78%1.50%0.34%----

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$746.56M----
Avg Forecast$3.03B$3.57B$6.69B$1.14B$903.35M$720.85M$860.68M$1.13B$2.55B
High Forecast$4.36B$4.45B$8.04B$1.38B$942.70M$1.16B$1.57B$1.65B$2.62B
Low Forecast$1.69B$2.70B$5.34B$913.48M$831.79M$437.17M$578.33M$862.73M$2.46B
Surprise %-143.62%-64.90%-96.91%-0.19%-17.36%----

MGM Forecast FAQ

Is MGM Resorts stock a buy?

MGM Resorts stock has a consensus rating of Buy, based on 34 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 24 Buy, 10 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 34 Wall Street analysts, averages $46.5 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 56.51% change from the previous closing price of $29.71.

How does MGM Resorts stock forecast compare to its benchmarks?

MGM Resorts's stock forecast shows a 56.51% upside, outperforming the average forecast for the consumer cyclical stocks sector (27.48%) and outperforming the gambling, resorts & casinos stocks industry (50.47%), leading the sports betting stocks list (42.57%) and travel stocks list (35.04%) investment ideas.

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

  • April 2025: 14.29% Strong Buy, 66.67% Buy, 19.05% Hold, 0% Sell, 0% Strong Sell.
  • March 2025: 17.39% Strong Buy, 65.22% Buy, 17.39% Hold, 0% Sell, 0% Strong Sell.
  • February 2025: 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 2025 is $2.25, marking a -7.41% decrease from the reported $2.43 in 2024. Estimates for the following years are $2.47 in 2026, $3.35 in 2027, and $7.12 in 2028.

What is MGM Resorts’s revenue forecast?

MGM Resorts's average annual revenue forecast for its fiscal year ending in December 2025 is $17.15B, reflecting a -0.51% decrease from the reported $17.24B in 2024. The forecast for 2026 is $17.55B, followed by $17.86B for 2027, and $18.2B for 2028.

What is MGM Resorts’s net income forecast?

MGM Resorts's net income forecast for the fiscal year ending in December 2025 stands at $720.85M, representing a -3.44% decrease from the reported $746.56M in 2024. Projections indicate $860.68M in 2026, $1.13B in 2027, and $2.55B in 2028.