12 Month Price Forecast For MGM
Distance to MGM Price Forecasts
MGM Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: February 15, 2025 4:06 AM UTC
MGM Analyst Ratings & Price Targets
Based on our analysis of 27 Wall Street analysts, MGM has a bullish consensus with a median price target of $50.00 (ranging from $37.50 to $60.00). The overall analyst rating is Strong Buy (8.8/10). Currently trading at $39.81, the median forecast implies a 25.6% upside. This outlook is supported by 18 Buy, 5 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Ben Chaiken at Mizuho, projecting a 50.7% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
MGM Analyst Consensus
MGM Price Target Range
Latest MGM Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for MGM.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Feb 13, 2025 | Macquarie | Outperform | Maintains | $0.00 | |
Feb 13, 2025 | Citigroup | George Choi | Buy | Maintains | $50.00 |
Feb 13, 2025 | JMP Securities | Jordan Bender | Market Outperform | Reiterates | $50.00 |
Feb 13, 2025 | Stifel | Steven Wieczynski | Buy | Maintains | $50.00 |
Feb 13, 2025 | Wells Fargo | Daniel Politzer | Overweight | Maintains | $46.00 |
Feb 13, 2025 | Barclays | Brandt Montour | Overweight | Maintains | $47.00 |
Feb 13, 2025 | Mizuho | Ben Chaiken | Outperform | Maintains | $60.00 |
Jan 16, 2025 | JMP Securities | Aaron Hecht | Market Outperform | Reiterates | $50.00 |
Jan 14, 2025 | Truist Securities | Barry Jonas | Buy | Maintains | $50.00 |
Jan 3, 2025 | Jefferies | Buy | Maintains | $0.00 | |
Dec 13, 2024 | Barclays | Brandt Montour | Overweight | Maintains | $46.00 |
Nov 25, 2024 | JMP Securities | Jordan Bender | Market Outperform | Maintains | $50.00 |
Oct 31, 2024 | JMP Securities | Jordan Bender | Market Outperform | Maintains | $54.00 |
Oct 31, 2024 | Mizuho | Ben Chaiken | Outperform | Maintains | $56.00 |
Oct 31, 2024 | Barclays | Brandt Montour | Overweight | Maintains | $50.00 |
Oct 23, 2024 | Truist Securities | Barry Jonas | Buy | Maintains | $56.00 |
Oct 22, 2024 | Morgan Stanley | Stephen Grambling | Equal-Weight | Maintains | $44.00 |
Oct 17, 2024 | Barclays | Brandt Montour | Overweight | Maintains | $54.00 |
Oct 17, 2024 | Wells Fargo | Daniel Politzer | Overweight | Maintains | $47.00 |
Oct 14, 2024 | JMP Securities | Jordan Bender | Market Outperform | Maintains | $56.00 |
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MGM Resorts International (MGM) Financial Data
MGM Resorts International has a market capitalization of $11.98B with a P/E ratio of 16.8x. The company generates $17.22B in trailing twelve-month revenue with a 5.2% profit margin.
Revenue growth is +5.3% quarter-over-quarter, while maintaining an operating margin of +8.0% and return on equity of +29.0%.
Valuation Metrics
Growth & Margins
Financial Health
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MGM Resorts International (MGM) Company Overview
About MGM Resorts International
Operates casino, hotel, and entertainment resorts.
MGM Resorts International generates revenue through its diverse portfolio of casino and hotel operations, which includes gaming, dining, entertainment, and convention services. The company operates in multiple segments, including Las Vegas Strip Resorts, Regional Operations, and MGM China, catering to various customer groups such as premium gamers, leisure travelers, and business clients.
Founded in 1986 and based in Las Vegas, MGM Resorts International was previously known as MGM MIRAGE until its rebranding in 2010. The company is also involved in online gaming through BetMGM, expanding its revenue streams beyond traditional brick-and-mortar operations.
Company Information
Sector
Consumer Cyclical
Industry
Resorts & Casinos
Employees
58,000
CEO
Mr. William Joseph Hornbuckle IV
Country
United States
IPO Year
1990
Website
www.mgmresorts.comMGM Resorts International (MGM) Latest News & Analysis
MGM Resorts' Q4 EPS Outpaces Estimates
2 days agoMGM Resorts reported Q4 results on Feb. 12, with adjusted EPS of $0.45, exceeding the $0.32 estimate, and revenues of $4.35 billion, surpassing the $4.27 billion forecast.
MGM Resorts' strong earnings and revenue beat indicate robust financial health, potentially boosting investor confidence and stock performance.
MGM Resorts reported Q3 earnings of $0.45 per share, exceeding the Zacks estimate of $0.32, but down from $1.06 per share in the same quarter last year.
MGM's earnings beat estimates, indicating stronger performance than expected, but a decline from the previous year may raise concerns about long-term growth.
MGM Resorts International will host its Q4 and Full Year 2024 Earnings Conference Call on February 12, 2025, featuring key company executives and analysts from major financial institutions.
The earnings conference call indicates MGM's performance insights and strategic direction, impacting stock valuations and investor sentiment. Key executives' presence signals transparency and engagement.
MGM Resorts reported record 2024 net revenues of $17.2 billion, a 7% increase. MGM China achieved $1.1 billion in EBITDAR, up 25%. The company repurchased over 33 million shares, reducing outstanding shares by 40%.
MGM Resorts' record revenues and EBITDAR growth signal strong financial health, enhancing investor confidence. Significant share repurchases reduce dilution, potentially boosting share value.
MGM China Reports 2024 Annual Results
2 days agoMGM China Holdings reported record-high revenue and EBITDA for Q4 and 2024, with continued growth in its market share in Macau.
MGM China's record-high revenue and EBITDA indicate strong financial health, while growing market share suggests competitive strength, which could enhance stock value and attract investor interest.
MGM's Q4 2024 performance will be compared to Wall Street estimates and last year's results, providing insights into its financial health and market expectations.
MGM's quarterly performance relative to Wall Street estimates and prior year figures will influence investor sentiment, impacting stock valuation and future earnings expectations.
Frequently Asked Questions About MGM Stock
What is MGM Resorts International's (MGM) stock forecast for 2025?
Based on our analysis of 27 Wall Street analysts, MGM Resorts International (MGM) has a median price target of $50.00. The highest price target is $60.00 and the lowest is $37.50.
Is MGM stock a good investment in 2025?
According to current analyst ratings, MGM has 18 Buy ratings, 5 Hold ratings, and 0 Sell ratings. The stock is currently trading at $39.81. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for MGM stock?
Wall Street analysts predict MGM stock could reach $50.00 in the next 12 months. This represents a 25.6% increase from the current price of $39.81. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is MGM Resorts International's business model?
MGM Resorts International generates revenue through its diverse portfolio of casino and hotel operations, which includes gaming, dining, entertainment, and convention services. The company operates in multiple segments, including Las Vegas Strip Resorts, Regional Operations, and MGM China, catering to various customer groups such as premium gamers, leisure travelers, and business clients.
What is the highest forecasted price for MGM MGM Resorts International?
The highest price target for MGM is $60.00 from Ben Chaiken at Mizuho, which represents a 50.7% increase from the current price of $39.81.
What is the lowest forecasted price for MGM MGM Resorts International?
The lowest price target for MGM is $37.50 from at , which represents a -5.8% decrease from the current price of $39.81.
What is the overall MGM consensus from analysts for MGM Resorts International?
The overall analyst consensus for MGM is bullish. Out of 27 Wall Street analysts, 18 rate it as Buy, 5 as Hold, and 0 as Sell, with a median price target of $50.00.
How accurate are MGM stock price projections?
Stock price projections, including those for MGM Resorts International, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.