MGM Resorts International (MGM)
NYSE: MGM · Real-Time Price · USD
33.66
-0.99 (-2.86%)
At close: Jan 2, 2025, 4:00 PM
33.71
+0.05 (0.15%)
After-hours: Jan 2, 2025, 7:38 PM EST
MGM Resorts International Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for MGM stock have an average target of 53.08, with a low estimate of 44 and a high estimate of 63. The average target predicts an increase of 57.69% from the current stock price of 33.66.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for MGM stock from 13 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 5 | 5 | 5 |
| Buy | 7 | 7 | 7 | 7 | 7 | 7 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 14 | 13 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $50 → $46 | Buy | Maintains | $50 → $46 | +36.66% | Dec 13, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $54 → $50 | Buy | Maintains | $54 → $50 | +48.54% | Nov 25, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $56 → $54 | Buy | Maintains | $56 → $54 | +60.43% | Oct 31, 2024 |
| Barclays | Barclays | Buy Maintains $54 → $50 | Buy | Maintains | $54 → $50 | +48.54% | Oct 31, 2024 |
| Mizuho | Mizuho | Buy Maintains $57 → $56 | Buy | Maintains | $57 → $56 | +66.37% | Oct 31, 2024 |
Financial Forecast
Revenue This Year
17.37B
from 16.12B
Increased by 7.73%
Revenue Next Year
17.41B
from 17.37B
Increased by 0.24%
EPS This Year
2.52
from 3.19
Decreased by -21.07%
EPS Next Year
2.32
from 2.52
Decreased by -7.94%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 18.2B | 18.4B | 19.0B | |||
| Avg | 17.4B | 17.4B | 17.8B | |||
| Low | 16.7B | 16.2B | 16.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 13.0% | 6.0% | 9.1% | |||
| Avg | 7.7% | 0.2% | 2.2% | |||
| Low | 3.4% | -6.5% | -4.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 2.90 | 3.71 | 4.85 | |||
| Avg | 2.52 | 2.32 | 2.82 | |||
| Low | 2.24 | 1.42 | 1.90 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -9.2% | 47.4% | 109.2% | |||
| Avg | -21.1% | -7.9% | 21.8% | |||
| Low | -29.6% | -43.4% | -18.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.