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MGM Resorts International has a consensus price target of $54.13 based on the ratings of 20 analysts. The high is $75 issued by Credit Suisse on May 2, 2023. The low is $44 issued by Morgan Stanley on October 22, 2024. The 3 most-recent analyst ratings were released by JMP Securities, JMP Securities, and Barclays on November 25, 2024, October 31, 2024, and October 31, 2024, respectively. With an average price target of $51.33 between JMP Securities, JMP Securities, and Barclays, there's an implied 37.33% upside for MGM Resorts International from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for MGM Resorts Intl (NYSE:MGM) was reported by JMP Securities on November 25, 2024. The analyst firm set a price target for $50.00 expecting MGM to rise to within 12 months (a possible 33.76% upside). 35 analyst firms have reported ratings in the last year.
The latest analyst rating for MGM Resorts Intl (NYSE:MGM) was provided by JMP Securities, and MGM Resorts Intl maintained their market outperform rating.
The last upgrade for MGM Resorts International happened on May 2, 2024 when Susquehanna raised their price target to $54. Susquehanna previously had a neutral for MGM Resorts International.
The last downgrade for MGM Resorts International happened on September 8, 2022 when Argus Research changed their price target from N/A to N/A for MGM Resorts International.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of MGM Resorts Intl, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for MGM Resorts Intl was filed on November 25, 2024 so you should expect the next rating to be made available sometime around November 25, 2025.
While ratings are subjective and will change, the latest MGM Resorts Intl (MGM) rating was a maintained with a price target of $54.00 to $50.00. The current price MGM Resorts Intl (MGM) is trading at is $37.38, which is out of the analyst’s predicted range.
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