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
Target Low Average Median High
Price $45 $55.29 $55 $75
Change -4.68% +17.12% +16.50% +58.86%

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 '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 333334
Buy 666677
Hold 333333
Sell 000000
Strong Sell 000000
Total 121212121314

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
More Analyst Ratings

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%
Year 201920202021202220232024202520262027
Revenue
12.90B5.16B9.68B13.13B16.16B16.89B17.13B15.26B17.84B
Revenue Growth
9.66%-59.98%87.52%35.61%23.13%4.51%1.42%-10.93%16.93%
EPS
3.88-2.022.413.493.192.462.923.43-
EPS Growth
379.01%--44.81%-8.60%-22.95%18.99%17.27%-
No. Analysts -----171782
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
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 2024202520262027
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 202420252026
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 202420252026
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.