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MGM Resorts International (MGM) Stock Forecast & Price Target

MGM Resorts International logo
$41.99
+0.27 (+0.65%)
(As of 10/29/2024 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

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
28.79% 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 28.79% from the current price of $41.99.
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MGM Analyst Ratings Over Time

TypeCurrent Forecast
10/31/23 to 10/30/24
1 Month Ago
10/1/23 to 9/30/24
3 Months Ago
8/2/23 to 8/1/24
1 Year Ago
10/31/22 to 10/31/23
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$54.97$56.81
Forecasted Upside28.79% Upside37.97% Upside47.41% Upside62.68% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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.
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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.
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MGM Resorts International Stock vs. The Competition

TypeMGM Resorts InternationalConsumer Discretionary CompaniesS&P 500
Consensus Rating Score
2.79
2.57
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside28.79% Upside1,196.00% Upside8.91% Upside
News Sentiment Rating
Neutral News

See Recent MGM News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/23/2024Truist Financial
2 of 5 stars
 Lower TargetBuy ➝ Buy$58.00 ➝ $56.00+40.60%
10/22/2024Morgan Stanley
3 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$43.00 ➝ $44.00+8.67%
10/17/2024Wells Fargo & Company
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$53.00 ➝ $47.00+16.63%
10/17/2024Barclays
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 Lower TargetOverweight ➝ Overweight$56.00 ➝ $54.00+34.87%
10/14/2024JMP Securities
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 Lower TargetMarket Outperform ➝ Market Outperform$57.00 ➝ $56.00+41.20%
10/1/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetBuy ➝ Buy$57.00 ➝ $52.00+33.03%
8/23/2024UBS Group
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R. Farley
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UpgradeHold
8/2/2024Macquarie
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 Lower TargetOutperform ➝ Outperform$58.00 ➝ $55.00+55.02%
8/1/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$60.00 ➝ $63.00+68.31%
8/1/2024Susquehanna
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 Boost TargetPositive ➝ Positive$54.00 ➝ $55.00+33.24%
7/3/2024BTIG Research
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C. Lampen
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Initiated CoverageBuy$52.00+22.84%
5/2/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$54.00 ➝ $57.00+39.60%
5/2/2024Mizuho
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 Boost TargetBuy ➝ Buy$61.00 ➝ $62.00+56.05%
2/14/2024Bank Of America (Bofa)
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 Boost TargetNeutral ➝ Neutral$45.00 ➝ $50.00+18.01%
10/23/2023HSBC
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 Initiated CoverageBuy$49.00+39.01%
10/12/2023Capital One Financial
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 Initiated CoverageOverweight$50.00+31.54%
8/4/2023Citigroup
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 Boost Target$63.00 ➝ $66.50+45.32%
5/2/2023Credit Suisse Group
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 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 Wednesday at 05:25 AM 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 28.79% 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.


This page (NYSE:MGM) was last updated on 10/30/2024 by MarketBeat.com Staff
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