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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
$43.00+3.39%
Avg Forecast
$53.86+29.51%
Max Forecast
$67.00+61.1%

Should I buy or sell MGM stock?

Based on 12 analysts offering ratings for Mgm Resorts International.
Buy
Strong Buy
6 analysts 50%
Buy
2 analysts 16.67%
Hold
4 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their MGM stock forecasts and price targets.

MGM stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Barclays
Top 17%
84
Strong BuyInitiates Coverage On$59.00+41.86%2023-02-24
Truist Securities
Top 8%
93
Strong BuyMaintains$54.00+29.84%2023-02-09Find out why
JMP Securities
Bottom 18%
18
BuyMaintains$60.00+44.27%2023-02-09
Morgan Stanley
Bottom 8%
8
HoldMaintains$43.00+3.39%2023-02-01
Wells Fargo
Bottom 13%
13
Strong BuyMaintains$54.00+29.84%2023-01-25
JP Morgan
Top 16%
85
Strong BuyMaintains$48.00+15.41%2022-11-03
Credit Suisse
Top 21%
80
BuyMaintains$67.00+61.10%2022-11-03
Citigroup
Top 9%
92
Strong BuyMaintains$58.50+40.66%2022-09-26
Argus Research
Bottom 20%
20
HoldDowngradesN/AN/A2022-09-08
Deutsche Bank
Top 4%
97
Strong BuyMaintains$48.00+15.41%2022-05-20

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Forecast return on equity

Is MGM forecast to generate an efficient return?
Company
10.83%
Industry
28.1%
Market
51.58%
MGM's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is MGM forecast to generate an efficient return on assets?
Company
1.15%
Industry
5.65%
MGM is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

MGM earnings per share forecast

What is MGM's earnings per share in the next 2 years based on estimates from 7 analysts?
Avg 1 year Forecast
$0.67-80.97%
Avg 2 year Forecast
$1.40-60.23%
MGM's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

MGM revenue forecast

What is MGM's revenue in the next 2 years based on estimates from 5 analysts?
Avg 1 year Forecast
$13.1B+0.07%
Avg 2 year Forecast
$13.6B+3.43%
MGM's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

MGM earnings growth forecast

How is MGM forecast to perform vs Resorts & Casinos companies and vs the US market?
Company
-80.97%
Industry
-23.47%
Market
78.57%
MGM's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
MGM's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
MGM's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

MGM revenue growth forecast

How is MGM forecast to perform vs Resorts & Casinos companies and vs the US market?
Company
0.07%
Industry
41.66%
Market
25.81%
MGM's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
MGM's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

MGM vs Casino Stocks

TickerPricePrice TargetUp/downsideConsensus
MGM$41.59$53.86+29.51%Buy
WYNN$105.75$103.75-1.89%Strong Buy
CZR$42.89$71.64+67.02%Buy
MTN$219.81$264.13+20.16%Hold
BYD$60.31$79.85+32.39%Buy
View Top Casino Stocks

Mgm Resorts International Stock Forecast FAQ

Is Mgm Resorts International Stock a good buy in 2023, 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, 6 (50%) are recommending MGM as a Strong Buy, 2 (16.67%) are recommending MGM as a Buy, 4 (33.33%) are recommending MGM as a Hold, 0 (0%) are recommending MGM as a Sell, and 0 (0%) are recommending MGM as a Strong Sell.

If you're new to stock investing, here's how to buy Mgm Resorts International stock.

What is MGM's earnings growth forecast for 2023-2024?

(NYSE: MGM) Mgm Resorts International's forecast annual earnings growth rate of -80.97% is not forecast to beat the US Resorts & Casinos industry's average forecast earnings growth rate of -23.47%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 78.57%.

Mgm Resorts International's earnings in 2023 is $1,473,093,000.On average, 7 Wall Street analysts forecast MGM's earnings for 2023 to be $250,522,012, with the lowest MGM earnings forecast at -$172,000,187, and the highest MGM earnings forecast at $972,174,970.

In 2024, MGM is forecast to generate $523,478,830 in earnings, with the lowest earnings forecast at $63,565,287 and the highest earnings forecast at $1,230,175,251.

What is MGM's revenue growth forecast for 2023-2024?

(NYSE: MGM) Mgm Resorts International's forecast annual revenue growth rate of 0.07% is not forecast to beat the US Resorts & Casinos industry's average forecast revenue growth rate of 41.66%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 25.81%.

Mgm Resorts International's revenue in 2023 is $13,127,485,000.On average, 5 Wall Street analysts forecast MGM's revenue for 2023 to be $4,912,018,731,691, with the lowest MGM revenue forecast at $4,569,147,576,310, and the highest MGM revenue forecast at $5,192,536,080,150.

In 2024, MGM is forecast to generate $5,076,756,023,838 in revenue, with the lowest revenue forecast at $4,847,413,965,800 and the highest revenue forecast at $5,314,570,212,827.

What is MGM's forecast return on assets (ROA) for 2023-2024?

(NYSE: MGM) forecast ROA is 1.15%, which is lower than the forecast US Resorts & Casinos industry average of 5.65%.

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 $53.86, with the highest MGM stock price forecast at $67.00 and the lowest MGM stock price forecast at $43.00.

On average, Wall Street analysts predict that Mgm Resorts International's share price could reach $53.86 by Feb 24, 2024. The average Mgm Resorts International stock price prediction forecasts a potential upside of 29.51% from the current MGM share price of $41.59.

What is MGM's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: MGM) Mgm Resorts International's current Earnings Per Share (EPS) is $3.52. On average, analysts forecast that MGM's EPS will be $0.67 for 2023, with the lowest EPS forecast at -$0.46, and the highest EPS forecast at $2.60. In 2024, MGM's EPS is forecast to hit $1.40 (min: $0.17, max: $3.29).

What is MGM's forecast return on equity (ROE) for 2023-2024?

(NYSE: MGM) forecast ROE is 10.83%, which is considered weak.
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