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NYSE: MGM
MGM Resorts International Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for MGM

Based on 11 analysts offering 12 month price targets for MGM Resorts International.
Min Forecast
$20.00-55.18%
Avg Forecast
$45.63+2.26%
Max Forecast
$58.90+32%

Should I buy or sell MGM stock?

Based on 12 analysts offering ratings for MGM Resorts International.
Buy
Strong Buy
7 analysts 58.33%
Buy
1 analysts 8.33%
Hold
3 analysts 25%
Sell
0 analysts 0%
Strong Sell
1 analysts 8.33%

MGM stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Wells Fargo
Top 34%
67
Strong BuyInitiates Coverage On$55.00+23.26%2021-09-15
Bernstein
Bottom 30%
30
BuyUpgrades$58.90+32.00%2021-09-13
Goldman Sachs
Bottom 9%
9
HoldUpgrades$43.00-3.63%2021-07-28
Deutsche Bank
Top 7%
94
Strong BuyUpgrades$54.00+21.02%2021-06-24
JP Morgan
Top 33%
68
Strong BuyUpgrades$47.00+5.33%2021-05-18
Anonymous
Morgan Stanley
Strong BuyMaintains$49.00+9.82%2021-04-30
Jefferies
Top 8%
93
Strong BuyMaintains$53.00+18.78%2021-04-29
Morgan Stanley
Top 9%
92
Strong BuyUpgrades$45.00+0.85%2021-04-05
Argus Research
Top 18%
83
Strong BuyUpgrades$42.00-5.87%2021-02-23
Bank of America
Top 27%
74
HoldUpgrades$35.00-21.56%2021-02-08

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Forecast return on equity

Is MGM forecast to generate an efficient return?
Company
7.88%
Industry
50.35%
Market
1,975.19%
MGM's Return on Equity is forecast to be low in 3 years (7.88%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is MGM forecast to generate an efficient return on assets?
Company
1.32%
Industry
5.19%
Market
951.37%
MGM is forecast to generate lower Return on Assets (1.32%) than the US Resorts & Casinos industry average (5.19%)
Forecast

MGM earnings per share forecast

What is MGM's earnings per share in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
-$1.05-58.82%
Avg 2 year Forecast
$0.36-114.12%
Avg 3 year Forecast
$1.01-139.61%

MGM revenue forecast

What is MGM's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$9.0B+38.22%
Avg 2 year Forecast
$11.7B+79.28%
Avg 3 year Forecast
$12.7B+94.77%
MGM's revenue is forecast to grow at an exceptional rate of 30.93% per year
Forecast

MGM revenue growth forecast

How is MGM forecast to perform vs Resorts & Casinos companies and vs the US market?
Company
30.93%
Industry
26.93%
Market
14.64%
MGM's revenues are forecast to grow faster (30.93% per year) than the US Resorts & Casinos industry average (26.93%)
Forecast
MGM's revenues are forecast to grow faster (30.93% per year) than the US market average (14.64%)
Forecast

MGM Resorts International Stock Forecast FAQ

Is MGM Resorts International Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 12 Wall Street analysts covering (NYSE: MGM) stock is to Buy MGM stock.

Out of 12 analysts, 7 (58.33%) are recommending MGM as a Strong Buy, 1 (8.33%) are recommending MGM as a Buy, 3 (25%) are recommending MGM as a Hold, 0 (0%) are recommending MGM as a Sell, and 1 (8.33%) are recommending MGM as a Strong Sell.

What is MGM's earnings growth forecast for 2021-2023?

(NYSE: MGM) MGM Resorts International's forecast annual earnings growth rate of N/A is not forecast to beat the US Resorts & Casinos industry's average forecast earnings growth rate of 9.1%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 22.98%.

MGM Resorts International's earnings in 2021 is -$1,209,412,000.On average, 4 Wall Street analysts forecast MGM's earnings for 2021 to be $-505,974,396, with the lowest MGM earnings forecast at $-660,176,116, and the highest MGM earnings forecast at $-424,054,732. On average, 8 Wall Street analysts forecast MGM's earnings for 2022 to be $173,476,936, with the lowest MGM earnings forecast at $-327,678,656, and the highest MGM earnings forecast at $650,538,509.

In 2023, MGM is forecast to generate $486,699,181 in earnings, with the lowest earnings forecast at $187,933,347 and the highest earnings forecast at $983,035,969.

What is MGM's revenue growth forecast for 2021-2023?

(NYSE: MGM) MGM Resorts International's forecast annual revenue growth rate of 30.93% is forecast to beat the US Resorts & Casinos industry's average forecast revenue growth rate of 26.93%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 14.64%.

MGM Resorts International's revenue in 2021 is $6,535,165,000.On average, 6 Wall Street analysts forecast MGM's revenue for 2021 to be $4,352,899,173,139, with the lowest MGM revenue forecast at $4,233,945,556,435, and the highest MGM revenue forecast at $4,584,089,475,971. On average, 6 Wall Street analysts forecast MGM's revenue for 2022 to be $5,645,959,147,207, with the lowest MGM revenue forecast at $5,329,596,969,620, and the highest MGM revenue forecast at $5,950,355,271,271.

In 2023, MGM is forecast to generate $6,133,597,512,831 in revenue, with the lowest revenue forecast at $5,786,178,626,828 and the highest revenue forecast at $6,302,590,551,643.

What is MGM's forecast return on assets (ROA) for 2021-2023?

(NYSE: MGM) forecast ROA is 1.32%, which is lower than the forecast US Resorts & Casinos industry average of 5.19%.

What is MGM's Price Target?

According to 11 Wall Street analysts that have issued a 1 year MGM price target, the average MGM price target is $45.63, with the highest MGM stock price forecast at $58.90 and the lowest MGM stock price forecast at $20.00.

On average, Wall Street analysts predict that MGM Resorts International's share price could stay at $45.63 by Sep 15, 2022. The average MGM Resorts International stock price prediction forecasts a potential downside of N/A from the current MGM share price of $44.62.

What is MGM's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: MGM) MGM Resorts International's current Earnings Per Share (EPS) is -$2.55. On average, analysts forecast that MGM's EPS will be $-1.05 for 2021, with the lowest EPS forecast at $-1.37, and the highest EPS forecast at $-0.88. On average, analysts forecast that MGM's EPS will be $0.36 for 2022, with the lowest EPS forecast at $-0.68, and the highest EPS forecast at $1.35. In 2023, MGM's EPS is forecast to hit $1.01 (min: $0.39, max: $2.04).

What is MGM's forecast return on equity (ROE) for 2021-2023?

(NYSE: MGM) forecast ROE is 7.88%, which is considered weak.
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