MGM Resorts International (MGM)
NYSE: MGM · IEX Real-Time Price · USD
47.21
+0.61 (1.31%)
At close: Mar 28, 2024, 4:00 PM
47.20
-0.01 (-0.02%)
After-hours: Mar 28, 2024, 7:57 PM EDT
MGM Resorts International Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for MGM stock have an average target of 55.29, with a low estimate of 45 and a high estimate of 75. The average target predicts an increase of 17.12% from the current stock price of 47.21.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for MGM stock from 14 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
Rating | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 3 | 3 | 3 | 3 | 3 | 4 |
Buy | 6 | 6 | 6 | 6 | 7 | 7 |
Hold | 3 | 3 | 3 | 3 | 3 | 3 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 12 | 12 | 12 | 12 | 13 | 14 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Mizuho | Mizuho | Strong Buy Initiates $61 | Strong Buy | Initiates | $61 | +29.21% | Mar 26, 2024 |
Morgan Stanley | Morgan Stanley | Hold Maintains $44 → $45 | Hold | Maintains | $44 → $45 | -4.68% | Feb 28, 2024 |
JMP Securities | JMP Securities | Buy Reiterates $57 | Buy | Reiterates | $57 | +20.74% | Feb 14, 2024 |
Macquarie | Macquarie | Buy Reiterates $58 | Buy | Reiterates | $58 | +22.86% | Feb 14, 2024 |
JP Morgan | JP Morgan | Buy Maintains $52 → $54 | Buy | Maintains | $52 → $54 | +14.38% | Feb 14, 2024 |
Financial Forecast
Revenue This Year
16.89B
from 16.16B
Increased by 4.51%
Revenue Next Year
17.13B
from 16.89B
Increased by 1.42%
EPS This Year
2.46
from 3.19
Decreased by -22.95%
EPS Next Year
2.92
from 2.46
Increased by 18.99%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
High | 18.3B | 18.8B | 19.4B | 18.6B |
Avg | 16.9B | 17.1B | 15.3B | 17.8B |
Low | 15.9B | 16.2B | 1.6B | 17.3B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
High | 13.1% | 11.6% | 13.2% | 21.6% |
Avg | 4.5% | 1.4% | -10.9% | 16.9% |
Low | -1.8% | -4.4% | -90.6% | 13.5% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
High | 3.73 | 4.23 | 4.70 |
Avg | 2.46 | 2.92 | 3.43 |
Low | 1.78 | 1.89 | 2.81 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | 16.8% | 72.2% | 60.8% |
Avg | -23.0% | 19.0% | 17.3% |
Low | -44.1% | -23.0% | -3.8% |
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.