
MGM Resorts (MGM) Stock Forecast & Price Target
MGM Resorts (MGM) Analyst Ratings
Bulls say
MGM Resorts International is experiencing strong momentum with its Las Vegas properties, which contributed approximately 59% of total EBITDAR in 2024, and management anticipates further EBITDA growth despite headwinds from the previous year's Super Bowl. The company reported a year-end record in slot handle and record convention bookings, highlighting the resilient demand in the Vegas market. Additionally, MGM's strong balance sheet enables it to invest in digital growth and international expansion, including prospects in Japan and other markets, while also focusing on shareholder returns through buybacks.
Bears say
MGM Resorts International has seen a significant reduction in its float by 40% since 2021, indicating potential concerns about liquidity and investor confidence. The company's Las Vegas properties reported a 4Q LV EBITDAR of $765 million, marking an 11% year-over-year decline, which, despite exceeding expectations, reflects ongoing challenges in a highly competitive market. Additionally, the rising costs associated with maintaining market share, alongside greater-than-expected marketing expenditures for BetMGM, contribute to a negative outlook for the company as these factors could impact profitability and overall financial performance moving forward.
This aggregate rating is based on analysts' research of MGM Resorts and is not a guaranteed prediction by Public.com or investment advice.
MGM Resorts (MGM) Analyst Forecast & Price Prediction
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