MGM Resorts International (MGM) Stock Forecast & Price Target

$41.72

+1.37 (+3.39%)

(As of 10/28/2024 ET)

MGM Resorts International - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 14 Analyst Ratings

Sell
0

Hold
3

Buy
11

Based on 14 Wall Street analysts who have issued ratings for MGM Resorts International in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 3 have given a hold rating, and 11 have given a buy rating for MGM.

Consensus Price Target

$54.08
29.62% Upside

According to the 14 analysts' twelve-month price targets for MGM Resorts International, the average price target is $54.08. The highest price target for MGM is $63.00, while the lowest price target for MGM is $44.00. The average price target represents a forecasted upside of 29.62% from the current price of $41.73.

MGM Analyst Ratings Over Time

Type	Current Forecast 10/29/23 to 10/28/24	1 Month Ago 9/29/23 to 9/28/24	3 Months Ago 7/31/23 to 7/30/24	1 Year Ago 10/29/22 to 10/29/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	13 Buy rating(s)	13 Buy rating(s)	9 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$54.08	$53.93	$54.66	$56.81
Forecasted Upside	29.62% Upside	36.13% Upside	27.73% Upside	65.96% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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MGM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MGM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

MGM Resorts International Stock vs. The Competition

Type	MGM Resorts International	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.79	2.57	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	29.49% Upside	3,335.74% Upside	8.43% Upside
News Sentiment Rating	Neutral News See Recent MGM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/23/2024	Truist Financial 2 of 5 stars		Lower Target	Buy ➝ Buy	$58.00 ➝ $56.00	+40.60%
10/22/2024	Morgan Stanley 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$43.00 ➝ $44.00	+8.67%
10/17/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$53.00 ➝ $47.00	+16.63%
10/17/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$56.00 ➝ $54.00	+34.87%
10/14/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Outperform ➝ Market Outperform	$57.00 ➝ $56.00	+41.20%
10/1/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$57.00 ➝ $52.00	+33.03%
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8/23/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Farley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
8/2/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$58.00 ➝ $55.00	+55.02%
8/1/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$60.00 ➝ $63.00	+68.31%
8/1/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$54.00 ➝ $55.00	+33.24%
7/3/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Lampen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$52.00	+22.84%
5/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$54.00 ➝ $57.00	+39.60%
5/2/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$61.00 ➝ $62.00	+56.05%
2/14/2024	Bank Of America (Bofa) Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$45.00 ➝ $50.00	+18.01%
10/23/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$49.00	+39.01%
10/12/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$50.00	+31.54%
8/4/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$63.00 ➝ $66.50	+45.32%
5/2/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$68.00 ➝ $75.00	+62.90%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 06:18 PM ET.

MGM Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for MGM Resorts International is $54.08, with a high forecast of $63.00 and a low forecast of $44.00.
: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MGM shares.
: According to analysts, MGM Resorts International's stock has a predicted upside of 29.60% based on their 12-month stock forecasts.
: Over the previous 90 days, MGM Resorts International's stock had 1 upgrade by analysts.
: MGM Resorts International has been rated by research analysts at Barclays, Deutsche Bank Aktiengesellschaft, JMP Securities, Macquarie, Morgan Stanley, Stifel Nicolaus, Susquehanna, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like MGM Resorts International more than other "consumer discretionary" companies. The consensus rating score for MGM Resorts International is 2.79 while the average consensus rating score for "consumer discretionary" companies is 2.57. Learn more on how MGM compares to other companies.

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This page (NYSE:MGM) was last updated on 10/28/2024 by MarketBeat.com Staff

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MGM Resorts International (MGM) Stock Forecast & Price Target