MGM Resorts International
NYSE:MGM

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MGM Resorts International Logo
MGM Resorts International
NYSE:MGM
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Price: 37.8 USD -0.55% Market Closed
Market Cap: 11.3B USD
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Wall Street
Price Targets

MGM Price Targets Summary
MGM Resorts International

Wall Street analysts forecast MGM stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MGM is 52.36 USD with a low forecast of 42.33 USD and a high forecast of 73.5 USD.

Lowest
Price Target
42.33 USD
12% Upside
Average
Price Target
52.36 USD
39% Upside
Highest
Price Target
73.5 USD
94% Upside

MGM Last Price Targets
MGM Resorts International

The latest public price target was made on Oct 31, 2024 by George Choi from Citigroup , who expects MGM stock to rise by 46% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
George Choi
Citigroup
55 USD
Upside 46%
3 weeks ago
Oct 31, 2024
MGM Resorts (MGM) PT Lowered to $55 at Citi
StreetInsider
Zachary Warring
CFRA
42 USD
Upside 11%
3 weeks ago
Oct 31, 2024
CFRA Downgrades MGM Resorts (MGM) to Hold
StreetInsider
Carlo Santarelli
Deutsche Bank
52 USD
Upside 38%
1 month ago
Oct 1, 2024
MGM Resorts price target lowered to $52 from $57 at Deutsche Bank
TheFly
Stephen Grambling
Morgan Stanley
43 USD
Upside 14%
2 months ago
Sep 4, 2024
MGM Resorts price target lowered to $43 from $44 at Morgan Stanley
TheFly
Clark Lampen
BTIG
52 USD
Upside 38%
4 months ago
Jul 2, 2024
MGM Resorts initiated with a Buy at BTIG
TheFly
Jordan Bender
JMP Securities
58 USD
Upside 53%
6 months ago
May 6, 2024
MGM Resorts price target raised to $58 from $57 at JMP Securities
TheFly
Carlo Santarelli
Deutsche Bank
57 USD
Upside 51%
6 months ago
May 2, 2024
MGM Resorts (MGM) PT Raised to $57 at Deutsche Bank
StreetInsider
Joseph Stauff
Susquehanna
54 USD
Upside 43%
6 months ago
May 2, 2024
Susquehanna upgrades MGM Resorts to Positive as management 'hitting accelerator'
TheFly
Vitaly Umansky
Seaport Global
56 USD
Upside 48%
7 months ago
Apr 15, 2024
Seaport Global Securities Starts MGM Resorts (MGM) at Buy
StreetInsider
David Katz
Jefferies
62 USD
Upside 64%
7 months ago
Apr 2, 2024
MGM Resorts (MGM) PT Lowered to $62 at Jefferies
StreetInsider
Barry Jonas
Truist Financial
23.2 USD
Downside 39%
1 year ago
Aug 3, 2023
DraftKings Q2 Earnings Preview: Earnings Estimates, What Analysts Are Saying Ahead Of Report
Benzinga
Unknown Analyst
Morgan Stanley
43 USD
Upside 14%
1 year ago
Feb 1, 2023
Morgan Stanley Maintains Equal-Weight on MGM Resorts Intl, Raises Price Target to $43
Benzinga
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George Choi
Citigroup
Price Target 55 USD
Upside/Downside 46%
View Source
Zachary Warring
CFRA
Price Target 42 USD
Upside/Downside 11%
View Source
Carlo Santarelli
Deutsche Bank
Price Target 52 USD
Upside/Downside 38%
View Source
Stephen Grambling
Morgan Stanley
Price Target 43 USD
Upside/Downside 14%
View Source
Clark Lampen
BTIG
Price Target 52 USD
Upside/Downside 38%
View Source
Jordan Bender
JMP Securities
Price Target 58 USD
Upside/Downside 53%
View Source
Carlo Santarelli
Deutsche Bank
Price Target 57 USD
Upside/Downside 51%
View Source
Joseph Stauff
Susquehanna
Price Target 54 USD
Upside/Downside 43%
View Source
Vitaly Umansky
Seaport Global
Price Target 56 USD
Upside/Downside 48%
View Source
David Katz
Jefferies
Price Target 62 USD
Upside/Downside 64%
View Source
Barry Jonas
Truist Financial
Price Target 23.2 USD
Upside/Downside 39%
View Source
Unknown Analyst
Morgan Stanley
Price Target 43 USD
Upside/Downside 14%
View Source
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MGM Resorts International Competitors:
Price Targets
DKNG
DraftKings Inc
20% Upside
G13
Genting Singapore Ltd
40% Upside
MCRI
Monarch Casino & Resort Inc
6% Downside
INSE
Inspired Entertainment Inc
54% Upside
PTEC
Playtech PLC
27% Upside
RRR
Red Rock Resorts Inc
20% Upside
EVRI
Everi Holdings Inc
0% Upside
ALL
Aristocrat Leisure Ltd
10% Upside

Revenue
Forecast

Revenue Estimate
MGM Resorts International

For the last 8 years the compound annual growth rate for MGM Resorts International's revenue is 7%. The projected CAGR for the next 3 years is 3%.

7%
Past Growth
3%
Estimated Growth
Estimates Accuracy
0%
Average Miss

Operating Income
Forecast

Operating Income Estimate
MGM Resorts International

For the last 8 years the compound annual growth rate for MGM Resorts International's operating income is 5%. The projected CAGR for the next 3 years is 12%.

5%
Past Growth
12%
Estimated Growth
Estimates Accuracy
-13%
Average Miss

Net Income
Forecast

Net Income Estimate
MGM Resorts International

The compound annual growth rate of MGM Resorts International's net income for the next 3 years is -9%.

N/A
Past Growth
-9%
Estimated Growth
Estimates Accuracy
N/A
Average

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is MGM's stock price target?
Price Target
52.36 USD

According to Wall Street analysts, the average 1-year price target for MGM is 52.36 USD with a low forecast of 42.33 USD and a high forecast of 73.5 USD.

What is MGM Resorts International's Revenue forecast?
Projected CAGR
3%

For the last 8 years the compound annual growth rate for MGM Resorts International's revenue is 7%. The projected CAGR for the next 3 years is 3%.

What is MGM Resorts International's Operating Income forecast?
Projected CAGR
12%

For the last 8 years the compound annual growth rate for MGM Resorts International's operating income is 5%. The projected CAGR for the next 3 years is 12%.

What is MGM Resorts International's Net Income forecast?
Projected CAGR
-9%

The compound annual growth rate of MGM Resorts International's net income for the next 3 years is -9%.

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