
MGM Resorts (MGM) Stock Forecast & Price Target
MGM Resorts (MGM) Analyst Ratings
Bulls say
MGM Resorts International stands as the largest resort operator on the Las Vegas Strip, contributing approximately 59% of its total EBITDAR in 2024, underscoring its dominant market position with a portfolio that includes major properties like MGM Grand and Bellagio. The company reported a Macau EBITDAR of $255 million, which was a slight decrease year-over-year but exceeded consensus expectations, indicating growing market share and potential for mid-teen growth moving forward. With a strong balance sheet and ongoing investments in digital growth, including anticipated revenue increases from BET MGM, MGM's strategic focus on international expansion, including a planned resort in Japan by 2030, supports a positive long-term financial outlook.
Bears say
MGM Resorts International has experienced a decline in Las Vegas EBITDAR by 11% year-over-year, signaling ongoing challenges in maintaining profitability amid tough comparisons. Despite a 21% year-over-year increase in regional EBITDAR, the company's financial metrics indicate weaknesses in market share maintenance, amplified by escalating marketing expenditures for its BetMGM operations. Additionally, the stock's weak price momentum suggests a history of poor medium to long-term performance, raising concerns about future returns despite its perceived undervaluation relative to peers.
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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