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MGM Resorts International (MGM) Stock Forecast & Price Prediction

Live MGM Stock Price & Analysis

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$39.81

-0.56 (-1.39%)

12 Month Price Forecast For MGM

$39.81
Current Price
$11.98B
Market Cap
23 Ratings
Buy 18
Hold 5
Sell 0
Wall St Analyst Ratings

Distance to MGM Price Forecasts

+50.7%
To High Target of $60.00
+25.6%
To Median Target of $50.00
-5.8%
To Low Target of $37.50

MGM Price Momentum

+15.2%
1 Week Change
+20.6%
1 Month Change
-7.6%
1 Year Change
+14.9%
Year-to-Date Change
-17.5%
From 52W High of $48.25
+25.9%
From 52W Low of $31.61

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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

18
Buy
5
Hold
0
Sell

MGM Price Target Range

Low
$37.50
Average
$50.00
High
$60.00
Current: $39.81

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

Stocks Similar to MGM Resorts International

The following stocks are similar to MGM Resorts based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

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

Market Cap $11.98B
Enterprise Value $40.33B
P/E Ratio 16.8x
PEG Ratio 17.5x
Price/Sales 0.7x

Growth & Margins

Revenue Growth (YoY) +5.3%
Gross Margin +44.7%
Operating Margin +8.0%
Net Margin +5.2%
EPS Growth +14.6%

Financial Health

Cash/Price Ratio +24.9%
Current Ratio 1.2x
Debt/Equity 841.0x
ROE +29.0%
ROA +2.5%

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MGM Resorts International logo

MGM Resorts International (MGM) Company Overview

About MGM Resorts International

What They Do

Operates casino, hotel, and entertainment resorts.

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.

Additional Information

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

MGM Resorts International (MGM) Latest News & Analysis

MGM stock latest news image
Quick Summary

MGM 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.

Why It Matters

MGM Resorts' strong earnings and revenue beat indicate robust financial health, potentially boosting investor confidence and stock performance.

Source: The Motley Fool
Market Sentiment: Positive
MGM stock latest news image
Quick Summary

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.

Why It Matters

MGM's earnings beat estimates, indicating stronger performance than expected, but a decline from the previous year may raise concerns about long-term growth.

Source: Zacks Investment Research
Market Sentiment: Positive
MGM stock latest news image
Quick Summary

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.

Why It Matters

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.

Source: Seeking Alpha
Market Sentiment: Neutral
MGM stock latest news image
Quick Summary

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%.

Why It Matters

MGM Resorts' record revenues and EBITDAR growth signal strong financial health, enhancing investor confidence. Significant share repurchases reduce dilution, potentially boosting share value.

Source: PRNewsWire
Market Sentiment: Neutral
MGM stock latest news image
Quick Summary

MGM China Holdings reported record-high revenue and EBITDA for Q4 and 2024, with continued growth in its market share in Macau.

Why It Matters

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.

Source: PRNewsWire
Market Sentiment: Neutral
MGM stock latest news image
Quick Summary

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.

Why It Matters

MGM's quarterly performance relative to Wall Street estimates and prior year figures will influence investor sentiment, impacting stock valuation and future earnings expectations.

Source: Zacks Investment Research
Market Sentiment: Positive

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.