
MGM Resorts (MGM) Stock Forecast & Price Target
MGM Resorts (MGM) Analyst Ratings
Bulls say
MGM Resorts International is viewed positively because its portfolio combines dominant Las Vegas Strip scale, a meaningful regional base, and a strong Macau platform, with the Strip contributing about 56% of 2025 EBITDAR and Macau 23%, while US sports and i-gaming are already a high-single-digit share of revenue. The business shows resilient underlying demand: Q3 group and convention bookings added 500K room nights and are on pace for a 20% mix for 2026, casino revenue rose 8% with record slot win and stronger table drop/win, and Macau market share reached a record 17.1%. Management also has additional upside from a recovering leisure customer, improving October and Q4 trends, BetMGM’s narrowing losses, and a Japan resort expected in 2030.
Bears say
MGM Resorts International is facing weakening fundamentals as Q3 Adj. Property EBITDAR of about $1.1B and $4.21B in net revenues both missed expectations, while Property EBITDAR margins compressed to roughly 26% on lower rates and softer demand. The Las Vegas Strip, which drove approximately 56% of 2025 EBITDAR, saw revenues fall 2% Y/Y with EBITDAR down 12% and margins down 310 bps, reflecting broader ADR pressure, a weaker event calendar, and higher airfare and gas costs. With regional softness, Macao uncertainty, rising costs to defend online share, and competitive and promotional pressures across the portfolio, the company’s earnings mix looks vulnerable despite long-term Japan optionality in 2030.
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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MGM Resorts (MGM) Analyst Forecast & Price Prediction
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