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MGM Resorts International
NYSE:MGM

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MGM Resorts International Logo
MGM Resorts International
NYSE:MGM
Watchlist
Price: 41.76 USD 1.63%
Updated: Apr 29, 2024

Wall Street
Price Targets

MGM Price Targets Summary
MGM Resorts International

Wall Street analysts forecast MGM stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MGM is 56.44 USD with a low forecast of 46.46 USD and a high forecast of 69.3 USD.

Lowest
Price Target
46.46 USD
11% Upside
Average
Price Target
56.44 USD
35% Upside
Highest
Price Target
69.3 USD
66% Upside

MGM Last Price Targets
MGM Resorts International

The latest public price target was made on Apr 15, 2024 by Vitaly Umansky from Seaport Global , who expects MGM stock to rise by 34% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Vitaly Umansky
Seaport Global
56 USD
Upside 34%
2 weeks ago
Apr 15, 2024
Seaport Global Securities Starts MGM Resorts (MGM) at Buy
StreetInsider
David Katz
Jefferies
62 USD
Upside 48%
3 weeks ago
Apr 2, 2024
MGM Resorts (MGM) PT Lowered to $62 at Jefferies
StreetInsider
Barry Jonas
Truist Financial
23.2 USD
Downside 44%
8 months ago
Aug 3, 2023
DraftKings Q2 Earnings Preview: Earnings Estimates, What Analysts Are Saying Ahead Of Report
Benzinga
Unknown Analyst
Morgan Stanley
43 USD
Upside 3%
1 year ago
Feb 1, 2023
Morgan Stanley Maintains Equal-Weight on MGM Resorts Intl, Raises Price Target to $43
Benzinga
Vitaly Umansky
Seaport Global
Price Target 56 USD
Upside/Downside 34%
View Source
David Katz
Jefferies
Price Target 62 USD
Upside/Downside 48%
View Source
Barry Jonas
Truist Financial
Price Target 23.2 USD
Upside/Downside 44%
View Source
Unknown Analyst
Morgan Stanley
Price Target 43 USD
Upside/Downside 3%
View Source
MGM Resorts International Competitors:
Price Targets
GDEN
Golden Entertainment Inc
38% Upside
ACEL
Accel Entertainment Inc
28% Upside
FDJ
La Francaise des Jeux SA
14% Upside
STH
STS Holding SA
3% Downside
DKNG
DraftKings Inc
16% Upside
PARP
Groupe Partouche SA
72% Upside
PBL
Pollard Banknote Ltd
19% Upside
LNW
Light & Wonder Inc
18% Upside

Revenue
Forecast

Revenue Estimate
MGM Resorts International

For the last 8 years the compound annual growth rate for MGM Resorts International's revenue is 7%. The projected CAGR for the next 3 years is -1%.

7%
Past Growth
-1%
Estimated Growth
Estimates Accuracy
0%
Average Miss

Operating Income
Forecast

Operating Income Estimate
MGM Resorts International

For the last 8 years the compound annual growth rate for MGM Resorts International's operating income is 5%. The projected CAGR for the next 3 years is 10%.

5%
Past Growth
10%
Estimated Growth
Estimates Accuracy
-13%
Average Miss

Net Income
Forecast

Net Income Estimate
MGM Resorts International

The compound annual growth rate of MGM Resorts International's net income for the next 3 years is -2%.

N/A
Past Growth
-2%
Estimated Growth
Estimates Accuracy
N/A
Average

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is MGM's stock price target?
Price Target
56.44 USD

According to Wall Street analysts, the average 1-year price target for MGM is 56.44 USD with a low forecast of 46.46 USD and a high forecast of 69.3 USD.

What is MGM Resorts International's Revenue forecast?
Projected CAGR
-1%

For the last 8 years the compound annual growth rate for MGM Resorts International's revenue is 7%. The projected CAGR for the next 3 years is -1%.

What is MGM Resorts International's Operating Income forecast?
Projected CAGR
10%

For the last 8 years the compound annual growth rate for MGM Resorts International's operating income is 5%. The projected CAGR for the next 3 years is 10%.

What is MGM Resorts International's Net Income forecast?
Projected CAGR
-2%

The compound annual growth rate of MGM Resorts International's net income for the next 3 years is -2%.