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MGM Resorts Intl

MGMNYSE
Logo brought to you by Benzinga Data
$37.75
0.792.14%
At Close: -
$37.75
00.00%
After Hours: 5:02 PM EDT
15 minutes delayed
Consensus Rating1
Buy
Highest Price Target1
$75.00
Lowest Price Target1
$43.00
Consensus Price Target1
$55.66

MGM Resorts Intl (NYSE:MGM) Stock, Analyst Ratings, Price Targets, Forecasts

MGM Resorts International has a consensus price target of $55.66 based on the ratings of 20 analysts. The high is $75 issued by Credit Suisse on May 2, 2023. The low is $43 issued by Morgan Stanley on September 4, 2024. The 3 most-recent analyst ratings were released by Morgan Stanley, Macquarie, and JMP Securities on September 4, 2024, August 2, 2024, and August 1, 2024, respectively. With an average price target of $51.67 between Morgan Stanley, Macquarie, and JMP Securities, there's an implied 36.87% upside for MGM Resorts International from these most-recent analyst ratings.

Analyst Trends and Forecast
2
May
1
1
Jul
2
Aug
1
Sep
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.5
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Morgan Stanley
Macquarie
JMP Securities
Stifel
Wells Fargo

1calculated from analyst ratings

Analyst Ratings for MGM Resorts Intl

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FAQ

Q

What is the target price for MGM Resorts Intl (MGM) stock?

A

The latest price target for MGM Resorts Intl (NYSE:MGM) was reported by Morgan Stanley on September 4, 2024. The analyst firm set a price target for $43.00 expecting MGM to rise to within 12 months (a possible 13.91% upside). 32 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for MGM Resorts Intl (MGM)?

A

The latest analyst rating for MGM Resorts Intl (NYSE:MGM) was provided by Morgan Stanley, and MGM Resorts Intl maintained their equal-weight rating.

Q

When was the last upgrade for MGM Resorts Intl (MGM)?

A

The last upgrade for MGM Resorts International happened on May 2, 2024 when Susquehanna raised their price target to $54. Susquehanna previously had a neutral for MGM Resorts International.

Q

When was the last downgrade for MGM Resorts Intl (MGM)?

A

The last downgrade for MGM Resorts International happened on September 8, 2022 when Argus Research changed their price target from N/A to N/A for MGM Resorts International.

Q

When is the next analyst rating going to be posted or updated for MGM Resorts Intl (MGM)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of MGM Resorts Intl, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for MGM Resorts Intl was filed on September 4, 2024 so you should expect the next rating to be made available sometime around September 4, 2025.

Q

Is the Analyst Rating MGM Resorts Intl (MGM) correct?

A

While ratings are subjective and will change, the latest MGM Resorts Intl (MGM) rating was a maintained with a price target of $44.00 to $43.00. The current price MGM Resorts Intl (MGM) is trading at is $37.75, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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