
MGM Resorts (MGM) Stock Forecast & Price Target
MGM Resorts (MGM) Analyst Ratings
Bulls say
MGM Resorts International is well positioned by its diversified portfolio, with Las Vegas, regional U.S. assets, Macau, and digital operations reducing reliance on any single market while preserving upside from each segment. In Q1, solid group and convention demand, record convention ADRs, and renewed momentum in March and April supported a stabilizing Vegas business, while Macau revenue rose 9% despite a new brand fee and market share improved to 17.3%. Management also sees growth catalysts from digital revenues up 43% year over year, resilient high-end consumer spending, asset optimization, and a 2030 Japan resort opportunity, all underpinned by balance-sheet strength and supportive shareholders.
Bears say
MGM Resorts International is viewed negatively because its core Las Vegas Strip business, while still dominant at 56% of 2025 EBITDAR, faces continued softness, a competitive promotional environment, and lingering recovery issues in midweek demand, limiting operating leverage despite convention support. Regional assets and MGM China add diversification, but Q1 showed weaker-than-expected regional EBITDAR, Macau margin pressure from the new brand fee, and higher costs to sustain online share amid prediction-market and i-gaming competition. Valuation also appears hard to justify, with shares trading near 3.7x 2026E EBITDA after backing out MGM China and BetMGM, while substantial capex needs in 2026, $350-$400M for MGM Osaka, and $6.4B of long-term debt constrain upside.
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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