MGM Resorts International (MGM)
NYSE: MGM · IEX Real-Time Price · USD
42.33
-0.53 (-1.24%)
At close: Jul 2, 2024, 4:00 PM
42.45
+0.12 (0.28%)
After-hours: Jul 2, 2024, 7:57 PM EDT
MGM Resorts International Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for MGM stock have an average target of 54.62, with a low estimate of 46 and a high estimate of 62. The average target predicts an increase of 29.03% from the current stock price of 42.33.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 6, 2024.
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 5 | 5 | 5 | 5 |
| Buy | 7 | 7 | 7 | 7 | 7 | 7 |
| Hold | 3 | 3 | 3 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 14 | 15 | 13 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JMP Securities | JMP Securities | Buy Maintains $57 → $58 | Buy | Maintains | $57 → $58 | +37.02% | May 6, 2024 |
| Barclays | Barclays | Buy Maintains $55 → $56 | Buy | Maintains | $55 → $56 | +32.29% | May 2, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $54 → $57 | Buy | Maintains | $54 → $57 | +34.66% | May 2, 2024 |
| Susquehanna | Susquehanna | Hold → Buy Upgrades $46 → $54 | Hold → Buy | Upgrades | $46 → $54 | +27.57% | May 2, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $61 → $62 | Strong Buy | Maintains | $61 → $62 | +46.47% | May 2, 2024 |
Financial Forecast
Revenue This Year
17.37B
from 16.16B
Increased by 7.48%
Revenue Next Year
17.60B
from 17.37B
Increased by 1.29%
EPS This Year
2.87
from 3.19
Decreased by -9.92%
EPS Next Year
3.26
from 2.87
Increased by 13.52%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 18.4B | 19.0B | 19.5B | 19.5B | 20.2B |
| Avg | 17.4B | 17.6B | 17.9B | 18.8B | 19.5B |
| Low | 16.3B | 16.4B | 16.9B | 18.2B | 18.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.0% | 9.3% | 10.9% | 9.0% | 7.6% |
| Avg | 7.5% | 1.3% | 1.8% | 4.8% | 3.6% |
| Low | 1.1% | -5.6% | -4.0% | 1.7% | 0.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.35 | 4.90 | 4.68 | 4.75 | 5.30 |
| Avg | 2.87 | 3.26 | 3.51 | 4.57 | 5.10 |
| Low | 2.22 | 2.17 | 2.97 | 4.43 | 4.95 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 36.3% | 70.6% | 43.5% | 35.3% | 16.2% |
| Avg | -9.9% | 13.5% | 7.5% | 30.1% | 11.7% |
| Low | -30.3% | -24.6% | -9.0% | 26.3% | 8.4% |
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.