MGM Resorts International — Wall Street Analyst Estimates & Price Targets

MGM

NYSEConsumer CyclicalGambling, Resorts & CasinosCIK 0000789570mgmresorts.comAbout MGM

Last close · Oct 16, 202628.60−0.88 (−2.99%)

Market cap$7.2B

4 firms' latest targets, last 90 days: median $48.00 ($30.00–$55.00), 68% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 4 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-10-13	Goldman Sachs	$30.00	$43.00	▼ 30%	+2%	+5%
2026-10-08	Susquehanna	$41.00	$53.00	▼ 23%	+37%	+43%
2026-09-24	Mizuho Securities	$55.00	$62.00	▼ 11%	+45%	+92%
2026-08-17	Argus Research	$55.00	—	—	+26%	+92%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2021reported	$9.7B	+88%	$2.41	—	est. $9.4B+3%	est. -$0.68	6
2022reported	$13.1B	+36%	$3.49	+45%	est. $12.9B+2%	est. -$1.77	5
2023reported	$16.2B	+23%	$3.19	-9%	est. $15.9B+1%	est. $2.36	12
2024reported	$17.2B	+7%	$2.40	-25%	est. $17.2B+0%	est. $2.42	14
2025reported	$17.5B	+2%	$0.76	-68%	est. $17.4B+1%	est. $2.54	13
2026	$17.6B	+0%	$1.81	-29%	$17.3B–$17.8B	$1.51–$2.23	17
2027	$17.8B	+1%	$1.87	+3%	$17.4B–$18.4B	$1.05–$2.28	17
2028	$18.2B	+2%	$2.14	+15%	$17.6B–$19.0B	$1.83–$2.82	12

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$48.00median target, 68% above the last close

Firms with a target · last 90 days: 4
Lowest – highest target: $30.00 – $55.00
Current grades of 14 firms: positive / neutral / negative: 6 / 7 / 1
Upgrades / downgrades · 12 months: 3 / 7
Consensus revenue growth · next 3 FY: +1% a year

Current grades

each firm's latest · 14 firms

As of	Firm	Grade
2026-10-13	Macquarie	“Outperform”
2026-10-12	Citigroup	“Neutral”
2026-10-09	Barclays	“Equal Weight”
2026-10-08	Susquehanna	“Positive”
2026-09-24	Mizuho	“Outperform”
2026-09-11	UBS	“Neutral”
2026-08-17	Argus Research	“Buy”
2026-07-07	Wells Fargo	“Equal Weight”
2026-06-15	Stifel	“Hold”
2026-06-12	J.P. Morgan	“Overweight”

4 more

2026-06-03	CBRE	“Hold”
2026-05-27	Truist	“Buy”
2026-05-01	Jefferies	“Hold”
2026-04-08	Morgan Stanley	“Underweight”

Grade changes

last 24 months · 12

Date	Firm	Grade
2026-07-07	Wells Fargo	“Underweight” → “Equal Weight” upgrade
2026-06-15	Stifel	“Buy” → “Hold” downgrade
2026-06-03	CBRE	“Buy” → “Hold” downgrade
2026-05-27	Truist	“Hold” → “Buy” upgrade
2026-05-27	J.P. Morgan	“Neutral” → “Overweight” upgrade
2026-05-01	Jefferies	“Buy” → “Hold” downgrade
2026-01-16	Morgan Stanley	“Equal Weight” → “Underweight” downgrade
2026-01-13	Truist	“Buy” → “Hold” downgrade
2025-12-17	Barclays	“Overweight” → “Equal Weight” downgrade
2025-11-21	Citigroup	“Buy” → “Neutral” downgrade
2025-07-22	Seaport Global	“Buy” → “Neutral” downgrade
2025-06-26	JMP Securities	“Market Outperform” → “Market Perform” downgrade

48 older than 24 months

2024-05-02	Susquehanna	“Neutral” → “Positive” upgrade
2022-12-05	Truist	“Hold” → “Buy” upgrade
2022-09-08	Argus Research	“Buy” → “Hold” downgrade
2021-10-12	Credit Suisse	“Neutral” → “Outperform” upgrade
2021-10-01	Susquehanna	“Neutral” → “Negative” downgrade
2021-09-13	Bernstein	“Market Perform” → “Outperform” upgrade
2021-07-28	Goldman Sachs	“Sell” → “Neutral” upgrade
2021-06-24	Deutsche Bank	“Hold” → “Buy” upgrade
2021-05-18	J.P. Morgan	“Neutral” → “Overweight” upgrade
2021-04-05	Morgan Stanley	“Equal Weight” → “Overweight” upgrade
2021-03-15	Jefferies	“Hold” → “Buy” upgrade
2021-02-23	Argus Research	“Hold” → “Buy” upgrade
2021-02-08	Bank of America	“Underperform” → “Neutral” upgrade
2020-10-12	Barclays	“Equal Weight” → “Underweight” downgrade
2020-09-16	Roth Capital	“Buy” → “Neutral” downgrade
2020-09-14	Goldman Sachs	“Neutral” → “Sell” downgrade
2020-05-21	Bank of America	“Neutral” → “Underperform” downgrade
2020-05-21	Jefferies	“Buy” → “Hold” downgrade
2020-03-18	Susquehanna	“Negative” → “Neutral” upgrade
2020-03-12	Argus Research	“Buy” → “Hold” downgrade
2019-08-02	Bank of America	“Buy” → “Neutral” downgrade
2019-07-18	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2018-06-26	Goldman Sachs	“Buy” → “Neutral” downgrade
2018-05-05	Argus	“Hold” → “Buy” upgrade
2018-04-23	Susquehanna	“Neutral” → “Positive” upgrade
2017-10-18	Stifel	“Buy” → “Hold” downgrade
2017-10-03	Susquehanna	“Positive” → “Neutral” downgrade
2017-09-11	Deutsche Bank	“Buy” → “Hold” downgrade
2017-08-01	UBS	“Buy” → “Neutral” downgrade
2016-10-06	Argus	“Hold” → “Buy” upgrade
2015-11-02	UBS	“Neutral” → “Buy” upgrade
2015-07-07	Credit Suisse	“Neutral” → “Outperform” upgrade
2015-03-18	CLSA	“Buy” → “Outperform” revised
2015-01-08	Wells Fargo	“Market Perform” → “Outperform” upgrade
2014-10-09	Craig-Hallum	“Hold” → “Buy” upgrade
2014-10-07	Deutsche Bank	“Hold” → “Buy” upgrade
2014-09-19	Argus Research	“Buy” → “Hold” downgrade
2014-01-13	Bank of America	“Neutral” → “Buy” upgrade
2014-01-07	Morgan Stanley	“Equal Weight” → “Overweight” upgrade
2014-01-06	Citigroup	“Neutral” → “Buy” upgrade
2013-09-13	Argus	“Hold” → “Buy” upgrade
2013-07-01	Janney Montgomery Scott	“Neutral” → “Buy” upgrade
2013-06-26	Nomura	“Neutral” → “Buy” upgrade
2013-05-09	Sterne Agee	“Neutral” → “Buy” upgrade
2013-02-19	RBC Capital	“Sector Perform” → “Outperform” upgrade
2013-01-29	Deutsche Bank	“Buy” → “Hold” downgrade
2013-01-18	Wells Fargo	“Outperform” → “Market Perform” downgrade
2013-01-16	Evercore ISI	“Buy” → “Neutral” downgrade

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.