
MGM Resorts (MGM) Stock Forecast & Price Target
MGM Resorts (MGM) Analyst Ratings
Bulls say
MGM Resorts International reported a significant increase in EBITDAR of 20% year-over-year, with net revenues rising by 17% and margins improving by 60 basis points, indicating strong financial performance and operational efficiency. The company is experiencing positive trends in group room bookings, showing a 12% increase to date for 2026, alongside strong visitation growth during key holiday periods, which underscores resilience in high-end markets. Additionally, the ongoing recovery in Macau and the potential for a $10 billion integrated resort in Osaka by 2030 present promising long-term growth opportunities for the company.
Bears say
MGM Resorts International experienced a -2% EBITDAR miss, primarily driven by weakness on the Las Vegas Strip, despite some offset from Macau and regional operations. The company's net revenues declined by 7% year-over-year, significantly impacted by midweek softness in non-luxury properties such as Luxor and Excalibur, indicating ongoing challenges in the lower market segment. Additionally, management identified several factors contributing to year-over-year EBITDA weakness, including reduced business interruption proceeds, increased non-cash insurance accruals, and a notable decrease in average daily rate and occupancy rates, suggesting a challenging outlook for profitability 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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