
MGM Resorts (MGM) Stock Forecast & Price Target
MGM Resorts (MGM) Analyst Ratings
Bulls say
MGM Resorts International is well positioned to capitalize on a sustainable inflection in the Las Vegas market due to its strong business diversification and supportive shareholders, despite potential risks from a more expensive online market share and continued softness in the Vegas market. The company has a strong balance sheet and a goal to be a global entertainment leader, with plans to open a resort in Japan in 2030. However, they reported a slight Q1 miss on Macau and there may be downside to consensus estimates in the near term due to leisure consumer malaise.
Bears say
MGM Resorts International is facing challenges with its regional properties, with regional adjusted EBITDAR down 7% year-over-year and a decrease in business interruption proceeds. The company is attempting to combat the narrative of Las Vegas being expensive by offering all-inclusive packages, with positive initial feedback, but it is still seeing flat EBITDAR at its Las Vegas properties. Additionally, while management remains optimistic about its outlook for the rest of the year, there are uncertainties surrounding potential upcoming VIP party expenses and lingering leisure challenges that could lead to a slight decline in EBITDAR off of a potentially adjusted base.
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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