
MGM Resorts (MGM) Stock Forecast & Price Target
MGM Resorts (MGM) Analyst Ratings
Bulls say
MGM Resorts International reported a significant increase in EBITDAR, rising by 20% year-over-year, along with net revenues up 17% and improved margins of 60 basis points. The company is experiencing strong demand, particularly with group room nights pacing up 12%, and notable growth during the Golden Week holiday period, which saw visitation increase by 11% and total win up 20%. With expectations of re-accelerated momentum on the Las Vegas Strip in 2026 and the potential for long-term growth from the $10 billion integrated resort opportunity in Osaka, MGM's outlook remains robust supported by the post-COVID recovery, especially in Macau.
Bears say
MGM Resorts International experienced a -2% EBITDAR miss primarily due to weakness on the Las Vegas Strip, with notable declines across non-luxury properties during weekdays impacting overall performance. The company's net revenues decreased by -7% year-over-year, largely driven by lower table game wins and a significant drop in average daily rate (ADR) and occupancy, which combined account for an estimated $78 million hit to revenues. Looking ahead, expectations for the Las Vegas market into the second half of 2025 remain cautious, with projected EBITDAR declines for 2025 and 2026 reflecting ongoing challenges in overcoming tough market comparisons.
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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